Cryptocurrency Q&A
Can you mine ERC-20 tokens?
Can you mine ERC-20 tokens?
SophieJones
Sun Nov 03 2024
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7 answers
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I'm wondering if it's possible to mine ERC-20 tokens. I know ERC-20 is a standard for tokens on the Ethereum network, but I'm not sure if these tokens can be mined like Ethereum itself.
7 answers
Dreamchaser
Tue Nov 05 2024
In contrast, the process for generating ERC-20 tokens is distinct.
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MysticGlider
Tue Nov 05 2024
ERC-20 tokens are not mined but rather minted.
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Giulia
Tue Nov 05 2024
Minting involves creating new tokens based on predefined rules and standards.
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CryptoVisionary
Tue Nov 05 2024
The creation of Ethereum's native currency, ETH, involves mining.
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CryptoQueenBee
Tue Nov 05 2024
Miners solve complex mathematical problems to validate transactions and add them to the blockchain.
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