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Red-Lambo

So wouldn’t ETN now be liked so-called wrapped if it

could be used on the ETH blockchain and have a starting address of 0x ?

#cryptocurrency #electroneum #english
0

1 ответов

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BegaMutex-

Not exactly. ETN is it's own blockchain, it is not physically on the Ethereum network (ERC20 token). However, as it has EVM compatibility it now has the ability to communicate with other blockchains which also use EVM. This compatibility enables "interoperability", which can facilitate functions like swapping, smart contracts, and other interactions that were previously exclusive to Ethereum-compatible tokens and platforms. Regarding "wrapped"... Wrapping is a deliberate action where a token from one blockchain is represented on another blockchain via a pegged or equivalent token. ETNs new smart chain would have the capability to do this but its not there automatically. You would need to setup infrastructure and mechanisms to do it (like smart contracts on the target blockchain etc). Lots of possibilities moving forward.

0
2 месяца назад

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