Cryptocurrency Q&A
Is eGLD an ERC20?
Is eGLD an ERC20?
CryptoWizardry
Sun Jun 23 2024
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5 answers
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Could you please clarify whether eGLD is an ERC20 token? As a professional practitioner in the field of cryptocurrency and finance, I'm curious to understand the technical specifications behind this token. ERC20 is a standard for tokens issued on the Ethereum blockchain, defining a common list of rules and functionalities that allow tokens to work within the Ethereum ecosystem. Knowing if eGLD adheres to this standard would provide valuable insights into its compatibility and integration potential. Could you elaborate on this?
5 answers
Sofia
Tue Jun 25 2024
This integration enables users to leverage the network's advantages for issuing their own tokens.
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AmyDavis
Tue Jun 25 2024
The issuance process is notably fast, allowing for quick deployment of customized tokens.
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CryptoProphet
Tue Jun 25 2024
The eStandard Digital Token (ESDT) serves as a foundational element of the MultiversX blockchain platform.
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TaekwondoMasterStrengthHonorGlory
Tue Jun 25 2024
The cost of minting ESDT tokens is minimal, set at 0.05 eGLD, making it an affordable option for a wide range of users.
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CryptoTrader
Tue Jun 25 2024
Derived from MultiversX's version of ERC20, ESDT is a general standard token embedded directly into the protocol.
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