Cryptocurrency Q&A
Is SOL an ERC-20 token?
Is SOL an ERC-20 token?
Chloe_jackson_athlete
Fri Jun 14 2024
|
5 answers
1083
Could you please clarify for me if SOL is indeed an ERC-20 token? I've been hearing about it quite often in the crypto community but am still hazy on its technical details. I understand ERC-20 tokens are built on the Ethereum blockchain, but SOL seems to have its own blockchain platform. Could you explain the difference between SOL and ERC-20 tokens? It would be greatly appreciated if you could provide a brief yet informative explanation.
5 answers
GeishaCharm
Sun Jun 16 2024
SOL is not an ERC-20 token. ERC-20 is a standard used for tokens on the Ethereum blockchain, defining how these tokens can be transferred and interacted with.
Was this helpful?
357
56
EnchantedSoul
Sun Jun 16 2024
Solana, on the other hand, operates on its own independent blockchain, designed for scalability and speed. It does not adhere to the ERC-20 standard and therefore cannot be classified as an ERC-20 token.
Was this helpful?
322
32
Tommaso
Sat Jun 15 2024
The Solana blockchain offers unique features such as Proof of History, which ensures the authenticity and order of transactions. This distinguishes it from Ethereum and other blockchains that follow different protocols.
Was this helpful?
99
84
amelia_jackson_environmentalist
Sat Jun 15 2024
BTCC, a leading UK-based cryptocurrency exchange, provides a range of services tailored to the needs of crypto enthusiasts and investors. Among its offerings, BTCC facilitates trading in a diverse array of cryptocurrencies, including Solana.
Was this helpful?
185
53
MysticStorm
Sat Jun 15 2024
BTCC's services encompass spot trading, futures contracts, and even wallet solutions, enabling users to securely store and manage their digital assets. The exchange offers a user-friendly platform with advanced trading features, making it a popular choice among crypto traders.
Was this helpful?
120
93
