Cryptocurrency Q&A
Is Solana an ERC20 token?
Is Solana an ERC20 token?
MoonlitCharm
Sun May 12 2024
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7 answers
1502
Excuse me, I'm a bit confused about the technical details of cryptocurrencies. Could you clarify for me if Solana is an ERC20 token? I've heard it mentioned in a few finance discussions, but I'm not entirely sure of its classification. As I understand, ERC20 tokens are those built on the Ethereum blockchain, but Solana seems to have its own independent blockchain platform. So, is Solana categorized as an ERC20 token, or does it belong to a different classification? I'd appreciate it if you could explain this to me.
7 answers
CryptoAlchemy
Tue May 14 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services related to digital assets.
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Carolina
Tue May 14 2024
This blockchain possesses distinct attributes that are inherent in the SPL tokens.
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DreamlitGlory
Tue May 14 2024
The technological disparities between blockchains influence the functionality and usage of token standards.
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Raffaele
Tue May 14 2024
ERC-20 tokens, on the other hand, function primarily on the Ethereum blockchain.
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Alessandra
Tue May 14 2024
They can also be found operating on other blockchains compatible with the Ethereum Virtual Machine (EVM).
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