What is ESDT?
Elrond Standard Digital Token (ESDT) is a general standard of the Elrond blockchain platform for developers to issue their tokens.
Each independent developer can create a smart contract (SC) in the Elrond blockchain and issue new tokens, or do it without smart contracts and a virtual machine (WASM).
Features available to token creators:
Minting new tokens after their initial release, increasing the supply;
Burning — every user can burn a certain number of their tokens, thus limiting the supply;
Pausing/unpausing all operations except minting and burning of ESDT tokens;
Freezing — every user can freeze a separate account, blocking any incoming and outgoing transactions;
Wiping — destruction of tokens. The owner can completely wipe the frozen account permanently;
Transferring ownership — the owner can assign another ESDT account as the tokens’ owner;
Upgrading — the ability to change the properties of the tokens, add and remove properties.
What is ESDT? Elrond Standard Digital Token (ESDT) is a general standard of the Elrond blockchain platform for developers to issue their tokens. Each independent developer can create a smart contract (SC) in the Elrond blockchain and issue new tokens, or do it without smart contracts and a virtual machine (WASM). Features available to token creators: Minting new tokens after their initial release, increasing the supply; Burning — every user can burn a certain number of their tokens, thus limiting the supply; Pausing/unpausing all operations except minting and burning of ESDT tokens; Freezing — every user can freeze a separate account, blocking any incoming and outgoing transactions; Wiping — destruction of tokens. The owner can completely wipe the frozen account permanently; Transferring ownership — the owner can assign another ESDT account as the tokens’ owner; Upgrading — the ability to change the properties of the tokens, add and remove properties.