Cryptocurrency Q&A
Is VeChain a ERC20 coin?
Is VeChain a ERC20 coin?
BitcoinBaroness
Sun Jul 21 2024
|
7 answers
1375
Could you elaborate on whether VeChain is indeed an ERC20 coin? The ERC20 standard has become synonymous with Ethereum-based tokens, but VeChain is a separate blockchain platform with its own native token, VET. Does this mean VeChain's token is not compliant with the ERC20 standard? Or is there a possibility of confusion here, perhaps with the use of ERC20-compatible wallets for VET transactions? Clarifying this distinction is crucial for investors and developers alike who are looking to integrate or trade VeChain tokens.
7 answers
EchoSeeker
Tue Jul 23 2024
The ERC-20 standard serves as the backbone for a wide range of tokens operating on the Ethereum network.
Was this helpful?
73
50
Chloe_thompson_artist
Tue Jul 23 2024
Prior to VeChain's establishment of its own blockchain network, the company initiated operations as an ERC-20 token, designated with the ticker symbol VEN.
Was this helpful?
307
60
GyeongjuGloryDays
Mon Jul 22 2024
This transition allowed VeChain to enhance scalability, performance, and customize the network to its specific requirements.
Was this helpful?
93
20
Bianca
Mon Jul 22 2024
BTCC, a UK-based cryptocurrency exchange, offers a diverse range of services to its customers.
Was this helpful?
248
94
EchoSoulQuantum
Mon Jul 22 2024
This allows VeChain to leverage the robust infrastructure and large user base of Ethereum in its early stages.
Was this helpful?
56
50
Load 5 more related questions
