The CLV Chain is one prominent feature of the CLV ecosystem. It is a Substrate-based specialized Layer 1 chain that is EVM compatible and cross-chain interoperable. One unique perk of the CLV Chain is that it helps users stay connected to the Polkadot and Ethereum ecosystems without having to choose between any, thus fostering interoperability.
As a fundamental part of the CLV ecosystem, several questions have occurred within our community about the CLV Chain, and this blog post will offer answers and give more insight into the CLV Chain.
FAQs on CLV Chain
What’s the difference between the m chain and the p chain?
The M-chain is the CLV mainnet, used for governance and exchange purposes, while the P-Chain is the CLV Parachain. CLV P-Chain is an EVM-compatible smart contract chain currently connected to Polkadot Mainnet as one of the Parachains. You can read more about it in this documentation. However, both blockchains are validated and secured by the Substrate framework.
How can I launch my project on the CLV chain?
To launch your project on the CLV chain, you must first study our documentation that details the prerequisites and tools required to carry this out. It is also permissionless and open to anyone to develop and deploy dApps on the chain.
Does any exchange support CLV parachain deposit?
Not at the moment. However, we are working on these integrations. Users can withdraw to BNB chain and cross-chain to CLV P-Chain using our bridge.
Are there key features that make CLV Chain unique from other chains?
Yes, there are. Some of these features are
- CLV Chain is compatible with Ethereum, and it has a universal cross-chain module.
- On the CLV chain, malicious smart contracts can be blocked through on-chain governance.
- CLV Chain supports direct transactions between substrate accounts and EVM accounts
What is the difference between CLV Chain and Ethereum?
There are several differences between the CLV chain and Ethereum. However, the typical differences are CLV Parachain has a lower gas fee than Ethereum, and CLV Parachain has higher throughput, around 1000 transactions a second.
Conclusion
The CLV Chain has several utilities. This blog post highlighted a few questions we have come across concerning the CLV Chain. If you have more questions regarding the staking and trading of $CLV token, do drop them in the comment section, and we will give you an answer. You can also learn more about the CLV chain in this documentation.
About CLV
CLV (previously Clover Finance) is a one-stop infrastructure platform for cross-chain and decentralized applications.
The CLV chain is a Substrate-based specialized Layer 1 chain that is EVM compatible and cross-chain interoperable. The CLV wallet is a multi-chain all-in-one wallet, for Day-to-Day, DeFi, and Gaming purposes.
Featured by Coinlist as one of the most noteworthy projects in 2021 and backed by major industry institutions such as Polychain Capital, Alameda Research, Huobi and OKex’s Ventures Arm, with our multi-dimensional products lineup, CLV uniquely positioned itself as “Passport to the Omniverse”.
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