Cryptocurrency Q&A
Is Zilliqa an ERC-20?
Is Zilliqa an ERC-20?
NebulaSoul
Sat Jun 29 2024
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5 answers
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Could you please clarify whether Zilliqa is an ERC-20 token? As I understand, ERC-20 is a standard for tokens issued on the Ethereum blockchain, allowing for a wide range of decentralized applications. However, Zilliqa is a separate blockchain platform that utilizes sharding technology for scalability, rather than operating on the Ethereum network. Therefore, I'm curious to know if Zilliqa tokens conform to the ERC-20 standard or if they are native to their own blockchain. Thank you for your clarification on this matter.
5 answers
Dreamchaser
Mon Jul 01 2024
The ZIL token was constructed adhering to the ERC-20 token standard, a widely accepted specification within the Ethereum blockchain ecosystem.
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CryptoQueen
Mon Jul 01 2024
ERC-20 tokens are tokens that comply with a set of rules defined in the Ethereum Improvement Proposal (EIP) 20 standard, allowing for compatibility and interoperability within Ethereum-based platforms.
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Giuseppe
Mon Jul 01 2024
By utilizing ERC-20, Zilliqa was able to leverage the vast Ethereum network and its robust infrastructure, while also ensuring compatibility with existing Ethereum-based tools and wallets.
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Caterina
Mon Jul 01 2024
Zilliqa's adoption of ERC-20 further enhanced its credibility and accessibility, making it easier for investors and enthusiasts to interact with the ZIL token and participate in the Zilliqa ecosystem.
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Elena
Mon Jul 01 2024
Zilliqa, a promising cryptocurrency project, commenced its journey in June 2017 with the introduction of its native token, ZIL.
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