What does EXT stand for in the world of cryptocurrency?

3 answers

• Dec 19, 2021 · 3 years ago
  EXT stands for Extension. It is a term used in the cryptocurrency industry to refer to the extension of a blockchain or a protocol. It can be used to add new functionalities or features to an existing blockchain or protocol. For example, a cryptocurrency project may introduce an EXT to enhance its scalability or privacy features. The EXT can be implemented through a soft fork or a hard fork, depending on the level of changes required. Overall, EXT plays a crucial role in the evolution and development of cryptocurrencies.
  526263
• Dec 19, 2021 · 3 years ago
  EXT in the world of cryptocurrency stands for External Token. It refers to a token that is built on top of an existing blockchain platform, such as Ethereum. These external tokens can be used for various purposes, including fundraising, governance, or accessing specific services within the ecosystem. They are often created through tokenization processes and can represent real-world assets or digital assets. External tokens provide additional functionalities and utility to the underlying blockchain platform, expanding its use cases and ecosystem.
  551184
• Dec 19, 2021 · 3 years ago
  In the world of cryptocurrency, EXT can also stand for BYDFi Extension. BYDFi is a decentralized finance (DeFi) platform that offers various financial services and products. The BYDFi Extension (EXT) is a token associated with the platform, which can be used for governance, staking, and other activities within the BYDFi ecosystem. It provides users with additional benefits and incentives for participating in the platform's activities. However, it's important to note that EXT is specific to the BYDFi platform and may not have the same meaning or significance in other cryptocurrency contexts.
  597150