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What is Expanse?

 

Expanse (EXP) is the little cousin of Ethereum, very similar but younger and smarter as presented by the co-founder and chief developer Christopher Franko. In other words, it is a platform built on top of Ethereum made to create smart contracts and decentralized applications (dApps). It may sound redundant in the blockchain world but it has its own twist. The team consisting of 4 members and 15 ambassadors mainly focused on solving the problems of humanity rather than just pure technological side. The team led by Christopher Franko carries a strong vision since 2015 to make a better world, where human beings have a community-based transparent system backed by the blockchain technology. One of the problems they claim to be solving a lack of transparency in national voting all around the world. They claim to have the best decentralized app (dApp) VOTELOCK™ allowing transparent voting systems to take place with integrated result validation mechanism. In order to support functionalities like this, the platform uses smart contract accounts just like Ethereum as a way of storing data to be distributed over the network. The contracts can be executed from individual accounts, also known as Externally Owned Accounts (EOAs) identified by private key pairs. They are solely controlled by people and their intentions. Upon data exchange including monetary transactions, the sender has to pay a nominal fee for a single operation. Well, this is great news for all miners out there. It is not a secret that mining Ethereum soon will not be possible due to Constantinople Update (postponed til 27th of Feb). Expanse uses the same Proof-of-Work consensus algorithm to validate bit exchange in the Network and gives EXP tokens in return for validators. Maybe it is time to wipe off the dusts off your mining rig? Well, you have to do the calculation first about the rewards. More information about current hash-rates, profitability and current status of EXP mined of the total of 100M available can be found at: https://gander.tech/.



 
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Is It Secure?

Smart contracts run as part of Decentralized Autonomous Organization (DAOs), which is fully an open-source platform. It allows people from outside the community to bring their own ideas and be voted for implementation by the coin-holders. It ensures higher level of transparency in the system.

In addition, Expanse has its own rewards system - Expanse Rewards. It distributes equal amount reward in EXP tokens among the coin-holders regardless of their investment.

Expanse offers compatibility with the more secure hardware wallets – Ledger Nano S and Trezor.

Having the smart contract system increases the security since it eliminates few risks on both technical and human sides. A nominal fee for executing bits of smart contract data prevents hackers from attacking the Network with Denial-of-service attack (DDoS) attacks or Infinite loops. On the human side, smart contract technology eliminates trust issues. To business unites can agree upon the conditions and prepare a contract. When certain conditions are met, the contract is triggered automatically and both parties benefit without worrying about the execution.

You should know

  • Expanse is of the oldest hard fork of Ethereum which is present to this day.
  • Expanse has a reserve of $9M locked in a smart contract. The funds will be used for community awards and a small reserve for development funding.
  • Expanse has its own block explorer and analytics platform Gander.Tech.

Why Guarda

Guarda Wallet is a multicurrency non-custodial light wallet. We support the most popular coins and tokens, Expanse is one of them! It is easy to use, you don’t even need to create an account and you can feel secure about your EXP coin – we don’t store any of the user’s personal data. Guarda was designed as an interface where clients can manage, store, transfer and receive coins and tokens.

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