Road Town, British Virgin Islands–(Newsfile Corp. – October 13, 2023) – LBank Exchange, a global digital asset trading platform, listed Ethereum Express (ETE) on October 13, 2023. For all users of LBank Exchange, the ETE/USDT trading pair is now officially available for trading.
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Ethereum Express (ETE) is a blockchain network that employs innovative consensus mechanisms, sharding, and cross-chain communication protocols to achieve scalability, security, and interoperability in the world of decentralized applications (DApps) and digital assets.
Introducing Ethereum Express
LBank Exchange is thrilled to announce the listing of Ethereum Express (ETE), a cutting-edge blockchain network designed to address some of the most pressing challenges facing the world of decentralized applications (DApps) and digital assets. At its core, Ethereum Express leverages a hybrid randomized DPOS (Delegated Proof of Stake) consensus protocol known as “Chaos Consensus.” This unique consensus mechanism combines elements of DPOS and BFT (Byzantine Fault Tolerance), introducing a random selection process for validating nodes. This innovation not only enhances decentralization but also significantly boosts transaction confirmation speed, enhancing the overall throughput of the network.
One of Ethereum Express’s standout features is its data availability sharding mechanism. By dividing complete blocks into smaller, verifiable pieces or shards, this approach maximizes decentralization while simultaneously improving scalability. Users can choose to store either all data or a subset of shards, ensuring that every node can participate in securing the network and that capacity scales with the addition of new nodes. Ethereum Express also introduces a robust proof of data availability system, utilizing Merkle proofs to ensure the validity and accessibility of data across the network.
Furthermore, Ethereum Express emphasizes cross-chain communication and interoperability. The “Time Crossing” protocol facilitates trustless interactions between chains by establishing a root of trust between them, enabling secure cross-chain asset transfers and automatic verification of state changes. Additionally, Ethereum Express incorporates multi-chain architecture, allowing application-specific chains to be built on top of its infrastructure, providing flexibility and customization for various projects, especially those in the GameFi sector. Moreover, Ethereum Express supports cross-chain contract calls, enabling DeFi applications on one chain to be directly invoked from another.
In summary, Ethereum Express is a forward-looking blockchain network that addresses scalability, security, and interoperability challenges within the blockchain and DApp ecosystem. Its innovative consensus mechanisms, data availability sharding, and cross-chain communication protocols make it a promising platform for the future of blockchain technology, catering to a wide range of applications and use cases.
About ETE Token
ETE token, short for Ethereum Express Token, is the native cryptocurrency of the Ethereum Express blockchain network. ETE plays a pivotal role within the ecosystem, serving as both a medium of exchange and a store of value. Users can utilize ETE tokens for transaction fees, staking, and participating in the network’s governance processes. Additionally, ETE tokens are essential for incentivizing network security and validators, ensuring the integrity and robustness of the Ethereum Express network. As a fundamental element of this innovative blockchain platform, ETE token underpins its functionality and contributes to its vibrant and decentralized ecosystem.
Based on ERC20, ETE has a total supply of 100 million (i.e. 100,000,000). The distribution of ETE tokens is designed to be fair and equitable, with a portion allocated for initial investors, validators, ecosystem development, and user adoption, fostering a balanced and sustainable growth of the Ethereum Express network. It is listed on LBank Exchange at 10:00 UTC on October 13, 2023. Investors who are interested in ETE can easily buy and sell it on LBank Exchange now.
Learn More about ETE Token:
Official Website: https://www.ethereumexpress.net/
Contract: https://etherscan.io/token/0x000000e29fa2bd3e5c215ffc71aa66b29c9769a2
Twitter: https://twitter.com/ethereumexpres
Telegram: https://t.me/Ethereum_Express_Group
Facebook: https://www.facebook.com/Ethereum.Express/
Instagram: https://www.instagram.com/ethereumexpress/
Medium: https://medium.com/@EthereumExpress
YouTube: https://www.youtube.com/@EthereumExpress/
About LBank
LBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 9 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users’ funds and aims to contribute to the global adoption of cryptocurrencies.
Start Trading Now: lbank.com
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Press contact:
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Business Contact:
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LBank Exchange
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