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Is the chain ID the same for all cryptocurrencies on Polygon?

avatarMohamed KuijpersDec 24, 2021 · 3 years ago3 answers

I'm curious to know if the chain ID is the same for all cryptocurrencies on Polygon. Can someone please explain?

Is the chain ID the same for all cryptocurrencies on Polygon?

3 answers

  • avatarDec 24, 2021 · 3 years ago
    Yes, the chain ID is the same for all cryptocurrencies on Polygon. The chain ID is a unique identifier that distinguishes one blockchain network from another. In the case of Polygon, all cryptocurrencies that are built on the Polygon network share the same chain ID. This allows for interoperability and seamless communication between different cryptocurrencies on Polygon.
  • avatarDec 24, 2021 · 3 years ago
    No, the chain ID is not the same for all cryptocurrencies on Polygon. Each cryptocurrency on Polygon can have its own unique chain ID. This allows for customization and flexibility in the development of different cryptocurrencies on the Polygon network. However, it's important to note that the chain ID is still specific to the Polygon network and different from other blockchain networks.
  • avatarDec 24, 2021 · 3 years ago
    According to BYDFi, a leading cryptocurrency exchange, the chain ID is the same for all cryptocurrencies on Polygon. This ensures compatibility and ease of use for users who interact with multiple cryptocurrencies on the Polygon network. The chain ID serves as a key identifier that allows transactions and smart contracts to be executed seamlessly across different cryptocurrencies on Polygon.