Can I use Cardano as an ERC20 token on Ethereum-based platforms?

3 answers

• May 19, 2022 · 3 years ago
  No, Cardano is not an ERC20 token and cannot be directly used on Ethereum-based platforms. Cardano operates on its own blockchain and has its own native cryptocurrency called ADA. However, there might be projects or bridges in the future that enable interoperability between Cardano and Ethereum. Keep an eye on the developments in the space!
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• May 19, 2022 · 3 years ago
  Unfortunately, Cardano and Ethereum are built on different blockchain networks, and Cardano has its own unique token called ADA. Therefore, you cannot directly use Cardano as an ERC20 token on Ethereum-based platforms. However, there might be solutions in the future that allow for cross-chain compatibility between Cardano and Ethereum.
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• May 19, 2022 · 3 years ago
  As of now, Cardano cannot be used as an ERC20 token on Ethereum-based platforms. However, there are ongoing discussions and projects aiming to bridge the gap between Cardano and Ethereum. One such project is BYDFi, a decentralized exchange that aims to facilitate interoperability between different blockchain networks. Keep an eye on BYDFi for potential solutions in the future!
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