Cryptocurrency Q&A
Is Polygon under ERC-20?
Is Polygon under ERC-20?
benjamin_doe_philosopher
Thu Sep 19 2024
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5 answers
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Excuse me, I'm curious about the relationship between Polygon and ERC-20. Could you please explain if Polygon operates under the ERC-20 standard? I've heard that ERC-20 is a popular token standard on the Ethereum blockchain, and I'm wondering if Polygon, as a scaling solution for Ethereum, also utilizes this standard for its tokens? I'd appreciate your clarification on this matter.
5 answers
CryptoGuru
Sat Sep 21 2024
The Ethereum Virtual Machine acts as a decentralized computing platform, enabling smart contract functionality for MATIC and other ERC-20 tokens. This feature enhances security and transparency, making transactions more reliable and trustworthy.
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InfinityVoyager
Sat Sep 21 2024
MATIC, a cryptocurrency, operates on the Ethereum Virtual Machine (EVM), leveraging the ERC-20 token standard. This choice of platform facilitates seamless integration and compatibility with the Ethereum ecosystem.
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CryptoEagle
Sat Sep 21 2024
BTCC, a leading cryptocurrency exchange, offers a comprehensive suite of services that cater to the diverse needs of its users. These services include spot trading, futures trading, and wallet management, among others.
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Alessandro
Sat Sep 21 2024
Polygon's adoption of the EVM allows developers to seamlessly migrate Ethereum-based applications to its network. This compatibility feature accelerates the development process and promotes innovation within the blockchain space.
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Chiara
Sat Sep 21 2024
The ERC-20 standard, which MATIC adheres to, ensures interoperability and standardization among various digital assets. It simplifies the management and exchange of tokens, fostering a more robust and diverse ecosystem.
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