Is Dogecoin compatible with ERC20 token standards?

3 answers

• Dec 14, 2021 · 3 years ago
  No, Dogecoin is not compatible with ERC20 token standards. Dogecoin is a separate blockchain and does not operate on the Ethereum platform. It has its own unique set of rules and protocols. If you want to use Dogecoin in the Ethereum ecosystem, you would need to create a bridge or a separate token that represents Dogecoin on the Ethereum blockchain.
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• Dec 14, 2021 · 3 years ago
  Unfortunately, Dogecoin is not an ERC20 token. ERC20 is a standard for tokens on the Ethereum blockchain, and Dogecoin operates on its own blockchain. However, there are projects that have created wrapped versions of Dogecoin on the Ethereum network, allowing users to trade and use Dogecoin within the Ethereum ecosystem. These wrapped versions are backed by real Dogecoin held in custody.
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• Dec 14, 2021 · 3 years ago
  As an expert from BYDFi, I can confirm that Dogecoin is not compatible with ERC20 token standards. However, there are several projects that have created wrapped versions of Dogecoin on the Ethereum network. These wrapped versions allow Dogecoin to be used within the Ethereum ecosystem, but they are not the same as native Dogecoin. It's important to understand the differences and limitations when using wrapped Dogecoin on Ethereum.
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