Cryptocurrency Q&A Is Phala an ERC20?

Is Phala an ERC20?

Alessandro Alessandro Tue Jul 30 2024 | 5 answers 1113
I'm curious to know if Phala is an ERC20 token. ERC20 is a widely-used technical standard for smart contracts on the Ethereum blockchain, allowing for the creation of tokens that can be traded, transferred, and stored securely. Given the popularity of ERC20 tokens, it's not uncommon for new projects to adopt this standard. However, it's important to clarify whether Phala adheres to the ERC20 standard, as this can have implications for its interoperability, compatibility with existing wallets and exchanges, and potential for widespread adoption. Can you confirm whether Phala is an ERC20 token, and if not, what standard or protocol does it use? Is Phala an ERC20?

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