KRC-20 tokens are fungible tokens on Kaspa BlockDAG. They follow a standard that defines a set of rules for tokens to interact within the ecosystem. KRC-20 provides a common interface for token transfers, approvals, and supply management. These tokens can represent assets, utility tokens, or serve other functions within decentralized applications (dApps) built on Kaspa. The standard includes methods like totalSupply, balanceOf, transfer, transferFrom, approve, and allowance, ensuring compatibility across different services and wallets on the Kaspa network. KRC-20 tokens leverage Kaspa’s BlockDAG for high scalability, fast transaction confirmations, and low fees, making them suitable for various blockchain-based financial applications and smart contracts.
