Cryptocurrency Q&A
Is flow an erc20 token?
Is flow an erc20 token?
Caterina
Tue Jun 18 2024
|
6 answers
1191
Could you please clarify for me if Flow is categorized as an ERC-20 token? I've been reading about it and it seems to have unique characteristics unlike many other tokens in the crypto space. Given that ERC-20 is a widely adopted standard, I'm curious to know if Flow falls under this umbrella or if it operates on a different framework. Could you elaborate on this point and provide some insights? Thank you in advance for your clarification.
6 answers
Gianluca
Thu Jun 20 2024
ERC-20 stands as the predominant fungible token standard on the Ethereum blockchain, defining a set of rules and functionalities for tokens to operate within the network.
Was this helpful?
318
75
CryptoQueen
Wed Jun 19 2024
FungibleToken, on the other hand, represents the comparable standard on the Flow blockchain, offering a similar framework for fungible tokens to function within the Flow ecosystem.
Was this helpful?
264
51
BitcoinWizardry
Wed Jun 19 2024
BTCC, a leading cryptocurrency exchange headquartered in the UK, offers a comprehensive suite of services including spot trading, futures trading, and wallet solutions. Its platform caters to a diverse range of investors, providing secure and reliable access to the cryptocurrency markets.
Was this helpful?
99
36
alexander_smith_musician
Wed Jun 19 2024
FLOW, the native cryptocurrency of the Flow network, is a fungible token that adheres to the Flow FungibleToken standard. This ensures seamless interoperability and compatibility with other tokens on the Flow blockchain.
Was this helpful?
203
91
BlockchainBrawler
Wed Jun 19 2024
The ERC-20 standard has been widely adopted by numerous projects on Ethereum, serving as the foundation for a diverse array of tokens with varying utilities and functionalities.
Was this helpful?
154
55
Load 5 more related questions
