What is Expanse (EXP)?
Future of EXP Cryptocurrency and know how to buy EXP

#1 – Expanse: The Basics

What is Expanse?

  1. Expanse is Ethereum’s first hard fork, a platform designed for developers to build and use decentralized applications based on blockchain technology.
  2. Expanse is a platform which runs smart contracts with numerous possibilities, which are also the foundation for its decentralized organisation (DAO).
  3. This DAO lets Expanse coin-holders vote on changes in the platform, and also allows people outside the community to suggest ideas to be put up for vote, making it a truly decentralized, open-source platform.

Expanse Development

  1. The Expanse website lists details of a core team of 4 members, headed by Chief Developer and Co-founder Christopher Franko.
  2. Christopher began his career as a full-stack software engineer and has developed a wide range of apps, decentralized autonomous organisations (DAOs), etc. He has a deep knowledge of blockchain technology, being one of its earliest adopters. He is also the CEO of Borderless Corp. Inc.
  3. Chief Administrative Officer Marcia Lewis has several years of experience leading marketing and strategy for large fintech organisations like Bank of America and JP Morgan. She is also a certified profession in blockchain tech and an accomplished writer, making her an expert in both the financial as well as blockchain sectors.
  4. Omar Alvarez, the Creative Director of Expanse has nearly 20 years of experience in the field. Before Expanse, he co-founded Praga Web Studio. He is also the CEO of Gameboard.
  5. Senior Developer and Architect Asim Ashfaq is an experienced full-stack developer and cryptocurrency miner with a passion for decentralized app-development. He’s working on the Expanse Explorer Gander, Expanse wallet (Mist App) and the ICO platform Tokenlab.

 

#2 – What are the advantages of Expanse?

Expanse Technology

  1. The basic unit of Expanse is a user account. The Expanse blockchain tracks every account, and value as well as information is transferred between accounts on the blockchain.
  2. Two types of accounts exist on the Expanse blockchain:
    1. Externally Owned Accounts (EOAs), which are controlled by private keys, in turn controlled by human users.
    2. Contract Accounts, which are controlled by their internal code (a contract code) which can only be activated by an EOA.
  3. Each contract code in a contract account is a smart contract, activated by a user controlling the EOA.
  4. Users must pay transaction fees on the Expanse network to protect the blockchain from malicious code like DDoS attacks or Infinite loops. The senders of each transaction is expected to pay a nominal fee for each step of the program they activate, including computation and memory storage.
  5. These transaction fees are collected by “miners” or nodes that validate the network. They receive, propagate, verify and execute transactions, and then group these transactions into “blocks”. Miners later compete for their block to be the one added to the blockchain, and are rewarded with Expanse coins (EXP) for each block successfully mined.
  6. Expanse uses a Proof-of-Work consensus algorithm, similar to Bitcoin but ASIC-resistant, as it requires miners to solve a memory-hard computer problem, which requires memory as well as CPU, making the ideal hardware a general computer rather than specialized hardware.

 

#3 – How to buy and store Expanse tokens (EXP)?

How to buy EXP

Expanse coins (EXP) are available on 6 exchanges, where you can buy them for various other cryptocurrencies. Upbit, Bittrex, Poloniex, Cryptopia BiteBTC and Yobit all accept Bitcoin in exchange for EXP coins. Cryptopia and Yobit also accept other cryptocurrencies in addition to Bitcoin.

Yobit is the only exchange which accepts any fiat currency in exchange for the Expanse coins. US dollars as well as Russian Rubles are accepted by the platform.

  1. These are just platforms where you can buy or sell EXP tokens, but help is often needed to decide which one to buy from. This is where CoinSwitch, one of the best cryptocurrency exchanges assists, by displaying the prices at the exchanges it’s sold in, all at one place. It supports more than 140 coins and 45,000 pairs of cryptocurrencies. You can choose any pair you want with your EXP token, and CoinSwitch will help you decide the best one for you!
  2. What’s more - with CoinSwitch, you need not rely on wallets on the exchange you’re buying from. Instead, all transactions can happen to and from your very own private wallets.

EXP Storage

  1. It’s always best to use a cryptocurrency’s native wallet for its storage if available, and Expanse has its own native wallet for the storage of its coins.
  2. Expanse has a desktop wallet, compatible with Windows (32 and 64 bit versions), Mac OS and Linux PCs.
  3. Expanse is also compatible with the more secure hardware wallets – Ledger Nano S and Trezor.

 

#4 – What is the future of Expanse?

Also Read: Complete Analysis of Expanse | Live Expanse (EXP) Price Charts And Predictions

Market Cap and Global Acceptance

  1. Expanse, like most other coins of its age, is mineable, with a total maximum supply of 100 million EXP coins.
  2. 9 million coins out of the total supply are stored in a time-locked smart contract, to be used for:
    1. Project grants awarded to the community, and
    2. A reserve for developer funding.
  3. The circulating supply of Expanse is about 10.49 million EXP coins, with a market cap of about $5.79 million USD and an individual price of about $0.55 USD, as of August 2018.

Price History

Date

Open

High

Low

Close

Volume

Market Cap

Aug 01, 2018

0.875126

0.879811

0.829166

0.84398

33,954

91,84,687

Jul 01, 2018

0.844239

0.860711

0.816343

0.843327

16,313

66,74,889

Jun 01, 2018

1.44

1.48

1.41

1.42

44,190

1,13,97,870

May 01, 2018

2.16

2.16

1.97

2.13

2,59,193

1,70,75,444

Apr 01, 2018

1.32

1.45

1.23

1.33

5,55,981

1,04,10,742

Mar 01, 2018

2.66

3.08

2.63

2.87

8,36,518

2,10,34,968

Feb 01, 2018

3.8

3.87

2.96

3.22

3,30,639

3,00,47,770

Jan 01, 2018

5.41

6.15

5.13

5.94

23,82,360

4,27,68,744

Dec 01, 2017

1.97

2.1

1.81

2.08

2,90,407

1,55,65,979

Jul 01, 2017

2.86

2.89

2.46

2.5

3,93,153

2,14,04,598

Sep 01, 2016

0.406607

0.431493

0.406607

0.414775

40,302

14,73,660

Mar 01, 2016

0.323584

0.719461

0.316706

0.508479

5,14,123

3,78,716

Sep 15, 2015

0.137486

0.137532

0.081207

0.107759

3,473

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Trends so far

  1. In the three years of its existence, Expanse (EXP) has faced its fair share of ups and downs, with its value ranging from a minimum of about $0.0048 in December 2015 to a maximum of about $9.65 in January 2018. It was launched with a value of about $0.107 per coin in September 2015, and its current value is about $0.55 as of August 2018.
  2. The low circulating supply, paired with the relatively low individual price of the coin puts Expanse at a low position in global market cap rankings, barely in the first 500. Its rank as of August 2018 is 475.
  3. The low rank of Expanse in terms of global market cap is certainly a bit discouraging to investors, but it’s not indicative of its potential. In fact, the fact that it’s the only surviving hard fork of Ethereum among its older forks speaks a lot about its scope and promise, and it can be said that the platform has a bright future ahead of it!

 

#5 – What makes Expanse different from other cryptocurrencies?

  1. Unlike most of the Ethereum-based cryptocurrencies, Expanse doesn’t work on the crowdfunding model. Instead, it uses a self-funding model wherein a small reserve of smart contracts for its DAO funds the platform.
  2. Expanse also has a unique rewards system called the Expanse Bond System or “Expanse Rewards”, which gives Expanse coin-holders a fixed interest rate, whether they are big or small investors, keeping it fair for all.

 

#6 – Should you invest in EXP?

  1. Expanse is at a low position in global market cap rankings, making it a less attractive option for many investors.
  2. However, the fact that it is the only surviving one of Ethereum’s older forks makes it a cryptocurrency to consider investing in.
  3. Also, the platform’s website is crisp and clear, and seemingly well-updated. It also shows information about the core team, whose members seem experienced and competent.
  4. All this makes Expanse a good option for long-term investment, especially since the individual price of Expanse coins (EXP) is low enough that investing in them won’t leave you with much of a dent in your savings.
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