Coin-type Migration from 750 to 118 for Persistence Core-1 Chain ($XPRT)
Much like the broader Cosmos ecosystem, the Persistence ecosystem is expanding rapidly, and with the expansion comes issues around interoperability, user experience, and adoption that need to be resolved.
One of the crucial points of discussion in the pursuit of network growth is the coin-type. Currently, Persistence follows the coin-type 750 while other major chains in the Cosmos ecosystem follow the same coin type as Cosmos Hub, i.e., 118.
This blog will cover BIP44 coin types, why they matter in the interchain universe, how they affect interchain UX, and why it would make sense to migrate to the 118 for Persistence Core-1 chain.
Read the rest of this article on our official blog: https://blog.persistence.one/2022/07/14/coin-type-migration-from-750-to-118-for-persistence-core-1-chain-xprt/
Persistence is a Tendermint-based, specialised Layer-1 network powering an ecosystem of DeFi applications focused on unlocking the liquidity of staked assets.
Persistence facilitates the issuance and deployment of liquid-staked stkASSETs, allowing users to earn staking rewards while participating in DeFi primitives, such as lending/borrowing and liquidity provisioning on DEXs.
Persistence aims to offer a seamless staking and DeFi experience for PoS (Proof-of-Stake) users and enable developers to build innovative applications around stkASSETs.