Cryptocurrency Q&A
Is SOL on erc20?
Is SOL on erc20?
SakuraSpiritual
Sun Jun 02 2024
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6 answers
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Could you please clarify for me if SOL is based on the ERC-20 standard? I'm trying to understand the technical aspects of SOL and its compatibility with the Ethereum network. I've heard that ERC-20 is a widely used token standard on Ethereum, and I'm wondering if SOL adheres to this standard. Could you elaborate on this matter? Thank you for your assistance in clearing up this confusion.
6 answers
ZenHarmony
Tue Jun 04 2024
This distinction is crucial as it means Solana is not classified as an ERC-20 token, a designation reserved for tokens built on the Ethereum network.
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benjamin_stokes_astronomer
Tue Jun 04 2024
The absence of an ERC-20 classification gives Solana a degree of independence, allowing it to innovate and evolve without being constrained by the rules and limitations of the Ethereum ecosystem.
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CryptoWizardry
Tue Jun 04 2024
This autonomy has enabled Solana to develop its own set of features and functionalities, tailored to meet the specific needs of its users and the broader cryptocurrency community.
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Alessandra
Tue Jun 04 2024
Solana stands apart from the Ethereum blockchain, forging its own unique path in the cryptocurrency landscape.
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Giulia
Tue Jun 04 2024
Among the notable exchanges operating in the cryptocurrency space is BTCC, a UK-based platform offering a comprehensive suite of services.
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