Understanding Platforms
The term “platform” has two main uses:
- Platform as a Parent Blockchain: In this context, a platform refers to the parent blockchain on which tokens are built. These platforms provide the foundation for creating and running decentralized applications (DApps) and smart contracts.
- Platform as a Cryptocurrency Exchange: The term platform can also refer to a cryptocurrency exchange where users can trade various cryptocurrencies. These platforms provide a marketplace for buying and selling digital assets.
It’s important to consider the context in which the term “platform” is used to determine its specific meaning.