What is the meaning of the term 'EXT' in the context of cryptocurrency?

3 answers

• Dec 19, 2021 · 3 years ago
  EXT in the context of cryptocurrency refers to 'ERC-20 Extension Standard Tokens'. ERC-20 is a technical standard used for smart contracts on the Ethereum blockchain. 'EXT' tokens are tokens that extend the functionality of ERC-20 tokens by adding additional features or capabilities. These extensions can include things like enhanced security measures, improved scalability, or specialized functionalities. 'EXT' tokens can provide unique benefits to users and developers in the cryptocurrency ecosystem.
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• Dec 19, 2021 · 3 years ago
  When we talk about 'EXT' in cryptocurrency, we are referring to 'Extension' tokens. These tokens are built on top of existing blockchain platforms and provide additional functionalities or features. 'EXT' tokens can be used for various purposes such as governance, voting rights, or even as a means of accessing specific services within a blockchain ecosystem. They are designed to extend the capabilities of the underlying blockchain and offer new possibilities for users and developers.
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• Dec 19, 2021 · 3 years ago
  EXT, short for 'Extension', is a term commonly used in the cryptocurrency industry to describe tokens that extend the functionality of existing blockchain platforms. These tokens can introduce new features, improve performance, or enhance security. For example, the BYDFi platform has introduced its own 'EXT' tokens, which offer unique benefits to users such as reduced transaction fees and enhanced privacy features. 'EXT' tokens play a significant role in the evolution and growth of the cryptocurrency ecosystem, providing innovative solutions and expanding the possibilities of blockchain technology.
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