
Be your own banks (plural)
Blackmax
7 min
Business & Finance
Description
<p>Why do Ethereum addresses work on Polygon and Binance Smart Chain? </p> <p>If you create an Ethereum address in your wallet (for example MetaMask), the same address can be used on other EVM compatible layer 2 chains, such as Polygon Matic and Binance Smart Chain. </p> <p>The reason is because these sidechains use the same digital signing algorithm and blockchain address derivation function. It's like creating a bank account number at one bank, and finding that the same account number now exists and can be used in other banks in other countries. </p> <p>Perhaps the catchphrase "be your own bank" should be changed to "be your own banks"...</p>
Uploader
Episodes
1
Be your own banks (plural)
Blackmax