Cryptocurrency Q&A
Is ocean Protocol on ETH?
Is ocean Protocol on ETH?
Lucia
Fri Jun 28 2024
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7 answers
1610
Excuse me, I've been following the crypto space quite closely, and I've recently come across Ocean Protocol. I was wondering if you could clarify something for me? Could you please confirm if Ocean Protocol is indeed built on the Ethereum blockchain? It seems to have a lot of potential in the decentralized data economy, but I just want to ensure I have the technical details correct. Is it leveraging the scalability and security of Ethereum to facilitate data exchange and monetization? Your insights would be greatly appreciated.
7 answers
CryptoChieftain
Sun Jun 30 2024
The Ocean Protocol embodies a groundbreaking approach in the realm of data management.
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Raffaele
Sun Jun 30 2024
At the core of this model lies the tokenization of data, a process that transforms datasets and data services into digital assets.
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Andrea
Sun Jun 30 2024
These assets, specifically ERC-20 tokens, are created and managed on the Ethereum blockchain.
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KpopStarlight
Sat Jun 29 2024
ERC-20 tokens, being a standard interface for tokens on Ethereum, provide a robust framework for data representation.
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CoinPrince
Sat Jun 29 2024
By tokenizing data, Ocean Protocol aims to address key issues like data access, usage, and compensation.
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