ThunderCore

(Source from <a href="https://news.thundercore.com/how-to-transfer-your-digital-assets-to-thundercore/" rel="noopener noreferrer nofollow">ThunderCore Official Blog</a>)IntroductionAre you looking to expand your crypto investments by exploring new blockchain networks? ThunderCore could be an excellent choice for you.In this article, we will guide you through the step-by-step process of how to transfer your cryptocurrency to ThunderCore using your existing wallet. We’ll cover the benefits of ThunderCore, prerequisites for transferring, and finally, transferring assets with two popular wallets: <a href="https://metamask.io/" rel="noopener noreferrer nofollow">MetaMask </a>and <a href="https://trustwallet.com/" rel="noopener noreferrer nofollow">Trust Wallet.</a><h4>Understanding ThunderCore</h4>Before we go any further, let’s start with the basics: what is <a href="https://www.thundercore.com/" rel="noopener noreferrer nofollow">ThunderCore</a>? ThunderCore is a fast and decentralized blockchain platform that enables developers to build scalable and secure decentralized applications, or DApps.ThunderCore aims to address the scalability and speed issues commonly associated with other blockchain networks by offering faster confirmation times and higher transaction throughput. It accomplishes this by leveraging a highly-efficient consensus algorithm that confirms blocks in seconds rather than minutes.ThunderCore is designed to provide a seamless experience for developers and users alike. It offers a range of features and benefits that make it an attractive option for those looking to build and deploy decentralized applications or invest in <a href="https://news.thundercore.com/what-is-defi-2-0/" rel="noopener noreferrer nofollow">DeFi</a>. One of the key benefits of ThunderCore is its ability to handle a high volume of transactions without sacrificing speed or security.ThunderCore is built on a unique consensus algorithm called <a href="https://docs.thundercore.com/thunder-whitepaper.pdf" rel="noopener noreferrer nofollow">PaLa</a>, which is designed to provide fast confirmation times and high throughput. PaLa uses a hierarchical structure that allows for parallel processing of transactions, making it possible to confirm blocks in seconds rather than minutes. This makes ThunderCore an ideal platform for developers who need to process a large volume of transactions quickly and efficiently.<h4>Key Features of ThunderCore</h4><ul><li>Faster confirmation times:</li></ul>ThunderCore’s PaLa consensus algorithm allows for lightning-fast confirmation times, making it possible to process a high volume of transactions quickly and efficiently.<ul><li>Higher throughput:</li></ul>ThunderCore is designed to handle a high volume of transactions without sacrificing speed or security.<ul><li>Cost-effectiveness:</li></ul>ThunderCore’s Pala consensus algorithm is designed to be energy-efficient, which reduces the cost of running nodes on the network.<ul><li>Interoperability with Ethereum dApps:</li></ul>ThunderCore’s compatibility with the Ethereum Virtual Machine (EVM) means that developers can easily port their dApps from Ethereum to ThunderCore without significant modifications.<ul><li>EVM compatibility:</li></ul>ThunderCore’s support for the Ethereum Virtual Machine (EVM) means that developers can use the same programming languages and tools they are already familiar with.<ul><li>Smart contract functionality:</li></ul>ThunderCore supports smart contracts, which allows developers to build complex decentralized applications that can execute automatically based on predefined conditions.<h4>Benefits of ThunderCore</h4>ThunderCore offers many benefits for cryptocurrency investors such as lower gas fees, fast transactions, and its compatibility with various wallets such as Metamask and Trust Wallet.There are several reasons why users may choose to store their assets on non custodial wallets such as Metamask including having full control of private keys and access to numerous DApps.It’s important to note that while centralized exchanges provide easy access to a wider range of tokens, they are susceptible to issues such as security breaches, regulatory crackdowns, and technical glitches.The recent <a href="https://cointelegraph.com/news/crypto-users-turned-to-dexs-loaded-up-on-usdc-after-silicon-valley-bank-crash" rel="noopener noreferrer nofollow">Silicon Valley Bank crash</a> and FTX crisis serve as reminders of the potential risks of relying solely on centralized exchanges. As such, many users are turning to decentralized exchanges (DEXs) and non-custodial wallets like Metamask for added security and flexibility.Metamask is also capable of supporting multiple blockchain networks, including those that are compatible with the <a href="https://blog.thirdweb.com/evm-compatible-blockchains-and-ethereum-virtual-machine/" rel="noopener noreferrer nofollow">Ethereum Virtual Machine (EVM)</a> such as ThunderCore. The EVM is essentially a virtual machine that allows developers to write and execute smart contracts on top of the Ethereum blockchain. Several other blockchain networks have also adopted the EVM (Avalanche, BSC, etc.), enabling developers to create and deploy smart contracts on these networks as well.<h4>Preparing for the Transferring Process</h4>Setting up Your WalletThe first step in moving your assets to ThunderCore is to set up a compatible wallet. Two popular wallets to use for ThunderCore are <a href="https://support.metamask.io/hc/en-us/articles/360043227612-How-to-add-a-custom-network-RPC#h_01G63GGJ83DGDRCS2ZWXM37CV5" rel="noopener noreferrer nofollow">MetaMask</a> and <a href="https://community.trustwallet.com/t/how-to-add-a-custom-network-on-the-trust-wallet-mobile-app/626781" rel="noopener noreferrer nofollow">Trust Wallet</a>. If you don’t already have one of these wallets, you will need to download and install it on your device. Once you have installed your wallet, you can proceed to acquire ThunderCore native token, <a href="https://coinmarketcap.com/currencies/thundercore/" rel="noopener noreferrer nofollow">$TT</a>.Acquiring $TTAcquiring $TT is similar to acquiring any other cryptocurrency. You can buy $TT through centralized exchanges such as <a href="https://www.kucoin.com/zh-hant/price/TT" rel="noopener noreferrer nofollow">KuCoin</a>,<a href="https://www.huobi.com/en-us/exchange/tt_usdt" rel="noopener noreferrer nofollow">Huobi</a>, <a href="https://upbit.com/exchange?code&#61;CRIX.UPBIT.KRW-TT" rel="noopener noreferrer nofollow">Upbit</a>, <a href="https://www.gate.io/zh-tw/trade/TT_USDT" rel="noopener noreferrer nofollow">Gate.io</a> and <a href="https://www.lbank.info/exchange/tt/usdt" rel="noopener noreferrer nofollow">LBank</a>. After you have purchased your TT, you will need to transfer them to your MetaMask or Trust Wallet.Ensuring Network CompatibilityBefore you can transfer assets to ThunderCore, you need to ensure that your wallet supports the ThunderCore network. Both MetaMask and Trust Wallet support ThunderCore, so you’re good to go if you’re using either of those wallets.<h4>Transfer your assets to ThunderCore with MetaMask</h4><a href="https://metamask.io/" rel="noopener noreferrer nofollow">MetaMask</a> has become one of the most popular cryptocurrency wallets in the market today. It is a browser extension that allows you to interact with the Ethereum blockchain and other compatible networks. In this guide, we will be discussing how to transfer to the ThunderCore network using MetaMask.Installing MetaMaskIf you don’t have MetaMask installed on your browser, you will need to install and set it up. The installation process is straightforward and can be done in a few clicks. Once installed, open MetaMask and navigate to the network dropdown located in the top left corner.Configuring ThunderCore NetworkTo transfer to the ThunderCore network, you need to add it to your MetaMask network list. Select Custom RPC and enter the following values to configure the ThunderCore network or by adding through Chainlist (<a href="https://chainlist.org/chain/108" rel="noopener noreferrer nofollow">https://chainlist.org/chain/108</a>):Network Name: ThunderCoreRPC URL: <a href="https://mainnet-rpc.thundercore.com/" rel="noopener noreferrer nofollow">https://mainnet-rpc.thundercore.com</a>ChainID: 108Symbol: TTBlock Explorer URL: <a href="https://scan.thundercore.com/" rel="noopener noreferrer nofollow">https://scan.thundercore.com/</a> After adding the network, you can select it from the network dropdown and connect your MetaMask wallet to the ThunderCore network.<img src="https://i0.wp.com/news.thundercore.com/wp-content/uploads/2023/06/configure-thunderocre-network.png?resize&#61;587%2C431&amp;ssl&#61;1" />Connecting MetaMask to ThunderCoreOnce the ThunderCore network is added and selected, you can connect your MetaMask to ThunderCore. Make sure to switch your MetaMask wallet to the ‘ThunderCore’ network. To do so, click on the top right dropdown in your MetaMask window, and select the ThunderCore network.<img src="https://i0.wp.com/news.thundercore.com/wp-content/uploads/2023/06/connecting-metamask-to-thundercore.png?resize&#61;668%2C348&amp;ssl&#61;1" />Copy the Metamask address as destination to send from CEX or from other wallets.*Always remember to select “ThunderCore” network for sending, and do check if the wallet that you’re sending supports ThunderCore network or you may counter asset loss.Done, you can now enjoy the ultra-fast and low gas fee experience that ThunderCore delivers!Transfer from Metamask<img src="https://i0.wp.com/news.thundercore.com/wp-content/uploads/2023/06/image_6483441-3.jpg?resize&#61;1024%2C424&amp;ssl&#61;1" />Transfer from Centralized Exchange<img src="https://i0.wp.com/news.thundercore.com/wp-content/uploads/2023/06/image_6483441-2-1.jpg?resize&#61;1024%2C415&amp;ssl&#61;1" />Transferring Assets to ThunderCoreNow that you’re connected, you can begin transferring assets to ThunderCore. To do so, navigate to the ‘Send’ tab in your CEX account or MetaMask, and enter the amount of tokens you want to transfer to the ThunderCore network.Specify the destination address in ThunderCore. Confirm the transaction and await confirmation. ThunderCore is a fast and secure blockchain network that offers a seamless experience for users. With MetaMask, you can easily transfer to ThunderCore and enjoy fast transaction times and low fees. Start transferring assets today and experience the power of ThunderCore!<h4>Transferring Your Assets to ThunderCore with Trust Wallet</h4>Installing Trust Wallet<a href="https://trustwallet.com/" rel="noopener noreferrer nofollow">Trust Wallet</a> is a mobile wallet that supports the ThunderCore network. If you don’t already have Trust Wallet, you will need to download and install it from the App Store for <a href="https://apps.apple.com/us/app/trust-crypto-bitcoin-wallet/id1288339409" rel="noopener noreferrer nofollow">iOS </a>or <a href="https://play.google.com/store/apps/details?id&#61;com.wallet.crypto.trustapp&amp;hl&#61;en&amp;gl&#61;US" rel="noopener noreferrer nofollow">Google Play </a>for Android. Once you have installed Trust Wallet, create a new Ethereum-based wallet and securely save your seed phrase.Connecting Trust Wallet to ThunderCoreOpen Trust Wallet and click on the three horizontal lines located in the top left corner of your screen to bring up the menu. Scroll down to the ‘Networks’ section and select ‘ThunderCore.’ Once you have selected the ThunderCore network, you will be prompted to import your existing wallet from Ethereum to ThunderCore. Select the wallet you wish to import, and you’re good to go!Transferring Assets to ThunderCoreTo transfer your assets to ThunderCore, open your wallet in Trust Wallet, and click on the ‘Send’ button. Specify the amount of tokens you would like to transfer, and select the ‘ThunderCore’ network as the destination. Confirm your transaction and await confirmation.<h4>Closing Thoughts</h4>Transferring assets to ThunderCore offers a fast, secure, and cost-effective way to expand your cryptocurrency investment portfolio by leveraging a highly efficient consensus algorithm and native token, ThunderCore ($TT). By following our guide, you should now have a good understanding of how to transfer assets to ThunderCore using popular wallets like MetaMask and Trust Wallet.Now that you know how to transfer assets to ThunderCore, you will be able to explore the ThunderCore <a href="https://www.thundercore.com/ecosystem/?lang&#61;en" rel="noopener noreferrer nofollow">ecosystem</a> through DApps in multiple categories such as DeFi, Staking, Gaming, NFTs, and much more.<h4>About ThunderCore</h4>ThunderCore is a powerful and ultra-fast Web3 ecosystem and layer-1 chain that delivers elite performance and cost-effective scalability for thousands of crypto projects. Its proof-of-stake (PoS) architecture and strong developer support provide a battle-tested home for the next generation of crypto builders to create in Web3, DeFi, NFTs, GameFi, and the metaverse with limitless scope.You can learn more about ThunderCore over on our <a href="https://blog.thundercore.com/" rel="noopener noreferrer nofollow">Medium Blog</a>.

How to Transfer Your Digital Assets to ThunderCore

ThunderCore

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