Is Polkadot a U coin?

DOT and UBT are not the same cryptocurrency, they are the native currencies of different blockchain networks: DOT is used for the governance, fees, and security of the Polkadot network. UBT is used for U Network’s trading, liquidity and governance.

Polkacoin is not U-coin

What is Polkadot?

Polkadot (DOT) is the native cryptocurrency of the Polkadot blockchain. Polkadot is a heterogeneous multi-chain network that allows different blockchains to connect to each other and work together. DOT is used to govern the network, pay transaction fees, and for staking security.

What is U coin?

U Coin (UBT) is the native cryptocurrency of U Network. U Network is a decentralized platform focusing on digital asset management and trading. UBT is used to pay transaction fees, provide liquidity and participate in network governance.

The difference between DOT and UBT:

• Usage: DOT is used to govern and protect the Polkadot network, while UBT is used Trading, liquidity and governance of U Network.
• Basic Network: DOT is the native cryptocurrency of Polkadot Network, and UBT is the native cryptocurrency of U Network.
• Market value: The market value of DOT is much larger than UBT.

Therefore, Polkadot (DOT) is not U Token (UBT). They are two different cryptocurrencies used on different blockchain networks.

The above is the detailed content of Is Polkadot a U coin?. For more information, please follow other related articles on the PHP Chinese website!