What is the difference between a public chain and an exchange? What is the difference between listing on a public chain and listing on an exchange?

Cryptocurrency listing can be divided into public chain listing and exchange listing. Listing on the public chain means that the cryptocurrency will become a digital asset on a specific blockchain network; and listing on the exchange means that the cryptocurrency can be traded on a digital currency. Trade and buy on the platform. A brief introduction, everyone still doesn’t understand the difference between listing on a public chain and listing on an exchange? Simply put, the difference between the two is the availability and transaction nature of cryptocurrency on different platforms. Next, the editor will analyze the difference between the two in detail to help you better understand these two concepts.

What is the difference between listing on a public chain and listing on an exchange?

Listing on the public chain and listing on the exchange are two different approaches. The main difference between them lies in their purpose, operation method and listing requirements. These three aspects will be analyzed in detail below.

1. Meaning

Going online on a public chain means deploying a cryptocurrency project (usually a token) to a specific blockchain network.

Listing on an exchange refers to listing specific cryptocurrency projects on a digital currency trading platform so that users can perform buying and selling, trading and other operations on the platform.

2. Transaction method

After the cryptocurrency is listed on the public chain, it will be converted into a digital asset on the blockchain network. Users can transfer, trade, and participate in smart money on the chain. Contracts and other interactive operations.

After cryptocurrency is listed on the exchange, traders can buy and sell using various trading pairs provided by the exchange. This typically involves trading pairings with other digital currencies or fiat currencies.

3. Online conditions

Online public chains usually need to be deployed and verified on the blockchain, and may need to follow the specific rules and standards of the blockchain network.

Listing on an online exchange usually requires review and approval by the exchange, and may require meeting some conditions, such as market demand, technology integration, etc.

What are the benefits of joining a public chain?

The main benefits of listing on the public chain are decentralization and security, transparency and non-tamperability, programmability and flexibility, as well as ecosystem and community support.

The public chain is built based on blockchain technology and has decentralized characteristics, which means that data is distributed on various nodes of the network and is not controlled by a single centralized organization. This decentralized architecture provides greater security as there is no single point vulnerable to attack or failure.

The data on the public chain is publicly available and has a copy on every node of the network. This transparency and immutability means anyone can view and verify transaction records, increasing trust and reliability.

Public chains usually support smart contracts, which are computational codes that can automatically execute the terms of a contract. Through smart contracts, users can build various decentralized applications (DApps) on the public chain to achieve more functions and application scenarios.

Smart contracts on the public chain are programmable, and developers can use smart contracts to write customized logic and business rules. This flexibility enables public chains to support a wider variety of applications and innovations.

Public chains usually have large and active developer communities and ecosystems, which provide important support and contributions to the development and improvement of public chains. Developers can work together to build new functions and applications, thereby enriching the functions and ecology of the public chain.

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