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CAP-20 Token Standard
What is CAP-20?
Chiliz Advancement Proposal (CAP-20) is a token standard on Chiliz Chain 2.0 that extends ERC-20, the most common Ethereum token standard. It usually specifies how tokens are spent, ways to spent them, and various other factors defining their use.
CAP-20 is designed to provide technical specification for Chiliz Chain 2.0 with an objective to help developers to launch various tokens with maximum flexibility and efficiency. It can be anything from shares of a company to stored dollars (i.e., a stable coin).
It is also possible to peg tokens from other blockchains to Chiliz Chain 2.0 to make them usable in Chiliz Chain 2.0. This is the case for "Peggy" coins as well, which are simply CAP-20 versions of various cryptocurrencies.
Moreover, CAP-20 token transfers are fuelled with CHZ, which acts as an incentive for validators to add transactions to the blockchain.
Last modified 1mo ago