Jacinto Huanca Perez
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Transaction Modes in Somnia: An Educational Comparison
Did you know that Somnia offers two different ways to send transactions on its Ethereum-compatible network? This option allows users to choose according to their priorities, whether for ease or efficiency.
Somnia is a fully compatible network with the Ethereum Virtual Machine (EVM). This means that the same wallets and tools used on Ethereum work on Somnia, facilitating interaction for those already familiar with this ecosystem. However, Somnia offers two distinct modes for sending transactions, both connected to the same state and contracts of the network, but with differences in cost and process.
Somnia is a fully compatible network with the Ethereum Virtual Machine (EVM). This means that the same wallets and tools used on Ethereum work on Somnia, facilitating interaction for those already familiar with this ecosystem. However, Somnia offers two distinct modes for sending transactions, both connected to the same state and contracts of the network, but with differences in cost and process.
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$USDC What is USDC and what is it used for?
USDC (USD Coin) is a stablecoin, a cryptocurrency whose value is backed 1:1 by US dollars. It was created by Circle and Coinbase to provide a stable alternative within the crypto world.
Why use USDC?
Stability: Its value is always close to 1 dollar, ideal for protecting your money when the crypto market is volatile.
Fast and cheap: Transactions with USDC are quick and have low fees.
Access to DeFi: You can use USDC for loans, savings, and exchanges without the risk of fluctuation.
Advantages
USDC is backed by real reserves that are regularly audited, providing trust and transparency.
Considerations
USDC relies on centralized entities to maintain its reserves, which introduces a trust risk that does not exist in decentralized cryptocurrencies like Bitcoin.
USDC (USD Coin) is a stablecoin, a cryptocurrency whose value is backed 1:1 by US dollars. It was created by Circle and Coinbase to provide a stable alternative within the crypto world.
Why use USDC?
Stability: Its value is always close to 1 dollar, ideal for protecting your money when the crypto market is volatile.
Fast and cheap: Transactions with USDC are quick and have low fees.
Access to DeFi: You can use USDC for loans, savings, and exchanges without the risk of fluctuation.
Advantages
USDC is backed by real reserves that are regularly audited, providing trust and transparency.
Considerations
USDC relies on centralized entities to maintain its reserves, which introduces a trust risk that does not exist in decentralized cryptocurrencies like Bitcoin.
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