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Venator Praemii

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Question 1: What is Satoshi Protocol ?​

A. BTC Layer2
B. Algorithmic stablecoin
C. CDP Protocol
D. Derivatives

Use the data from the provided websites, be objective and relevant.

Websites:
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The Satoshi Protocol is a layer 2 solution for Bitcoin, aimed at enabling scalability and enhancing the functionality of the Bitcoin network. It is designed to help facilitate faster and more cost-effective transactions by leveraging technologies like the Lightning Network. By utilizing off-chain transactions, the Satoshi Protocol aims to address some of the scalability issues inherent in the Bitcoin network's base layer.

For more detailed information on the Satoshi Protocol, you can refer to the following websites:
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2. You do not have permission to view the full content of this post. Log in or register now.

These sources will provide you with a comprehensive understanding of the Satoshi Protocol, its objectives, and how it operates as a layer 2 solution for Bitcoin.
 
The Satoshi Protocol is a layer 2 solution for Bitcoin, aimed at enabling scalability and enhancing the functionality of the Bitcoin network. It is designed to help facilitate faster and more cost-effective transactions by leveraging technologies like the Lightning Network. By utilizing off-chain transactions, the Satoshi Protocol aims to address some of the scalability issues inherent in the Bitcoin network's base layer.

For more detailed information on the Satoshi Protocol, you can refer to the following websites:
1. You do not have permission to view the full content of this post. Log in or register now.
2. You do not have permission to view the full content of this post. Log in or register now.

These sources will provide you with a comprehensive understanding of the Satoshi Protocol, its objectives, and how it operates as a layer 2 solution for Bitcoin.

Question 2: On which blockchain is the Satoshi Protocol built ?​

A. Merlin Chain
B. Ordinals
C. BEVM
D. Nervos
 

Question 2: On which blockchain is the Satoshi Protocol built ?​

A. Merlin Chain
B. Ordinals
C. BEVM
D. Nervos
The Satoshi Protocol is built on the Nervos blockchain. Nervos is a blockchain platform that aims to solve the scalability and security issues faced by many existing blockchain networks. By leveraging a layered architecture, Nervos separates the store of assets from the computation layer, allowing for greater scalability and flexibility in building decentralized applications.

Therefore, the correct answer to the question is:

D. Nervos

If you would like more detailed information on how the Satoshi Protocol interacts with the Nervos blockchain, please let me know!
 
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