{"id":3906,"date":"2023-01-27T21:18:41","date_gmt":"2023-01-27T21:18:41","guid":{"rendered":"https:\/\/dev.adavault.com\/?p=3906"},"modified":"2023-01-28T12:03:06","modified_gmt":"2023-01-28T12:03:06","slug":"cardano-native-tokens","status":"publish","type":"post","link":"https:\/\/dev.adavault.com\/index.php\/2023\/01\/27\/cardano-native-tokens\/","title":{"rendered":"Cardano Native Tokens"},"content":{"rendered":"\n<p>A <a href=\"https:\/\/emurgo.io\/cardano-101-what-is-a-cardano-native-token-usda-stablecoin\/?utm_campaign=EMURGO%20marketing&amp;utm_content=233734229&amp;utm_medium=social&amp;utm_source=twitter&amp;hss_channel=tw-868997091871215616\">recent article<\/a> by Emurgo reminded us that there is a massive strength that Cardano has that is somewhat unremarked on and under appreciated; Native Tokens.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"520\" data-src=\"https:\/\/dev.adavault.com\/wp-content\/uploads\/2023\/01\/Cardano-101-What-is-a-Cardano-Native-Token-Asset-USDA-Stablecoin-1024x520.png\" alt=\"\" class=\"wp-image-3908 lazyload\" data-srcset=\"https:\/\/dev.adavault.com\/wp-content\/uploads\/2023\/01\/Cardano-101-What-is-a-Cardano-Native-Token-Asset-USDA-Stablecoin-1024x520.png 1024w, https:\/\/dev.adavault.com\/wp-content\/uploads\/2023\/01\/Cardano-101-What-is-a-Cardano-Native-Token-Asset-USDA-Stablecoin-300x152.png 300w, https:\/\/dev.adavault.com\/wp-content\/uploads\/2023\/01\/Cardano-101-What-is-a-Cardano-Native-Token-Asset-USDA-Stablecoin-768x390.png 768w, https:\/\/dev.adavault.com\/wp-content\/uploads\/2023\/01\/Cardano-101-What-is-a-Cardano-Native-Token-Asset-USDA-Stablecoin-1536x780.png 1536w, https:\/\/dev.adavault.com\/wp-content\/uploads\/2023\/01\/Cardano-101-What-is-a-Cardano-Native-Token-Asset-USDA-Stablecoin-1200x610.png 1200w, https:\/\/dev.adavault.com\/wp-content\/uploads\/2023\/01\/Cardano-101-What-is-a-Cardano-Native-Token-Asset-USDA-Stablecoin.png 1600w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/520;\" \/><\/figure>\n\n\n\n<p>Unlike all other Blockchains using Smart Contracts to create layer 2 tokens, such as Ethereum which uses the <a href=\"https:\/\/ethereum.org\/en\/developers\/docs\/standards\/tokens\/erc-20\/\">ERC-20 standard<\/a> for fungible tokens, Cardano allows for Tokens to be carried natively on the main ledger in Layer 1.<\/p>\n\n\n\n<p>This has a couple of significant benefits:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Firstly- sending Native tokens does not incur additional fees for smart contacts, they can be sent directly between wallets in the same way as ADA.<\/li>\n\n\n\n<li>Secondly- the attack surface is dramatically reduced to the same as the underlying ledger, and there is no need to rely on the persistence and security of a smart contract which may have been poorly written and tested.<\/li>\n<\/ul>\n\n\n\n<p>Soon we will see the release of stable coins that use Native Tokens such as <a href=\"https:\/\/www.anzens.com\">USDA<\/a> and <a href=\"https:\/\/djed.xyz\">Djed<\/a>, and this benefit will move more clearly into focus. Of course you might argue that <a href=\"https:\/\/hosky.io\">Hosky<\/a> got there first and have already shown why native tokens matter&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A recent article by Emurgo reminded us that there is a massive strength that Cardano has that is somewhat unremarked on and under appreciated; Native Tokens. Unlike all other Blockchains using Smart Contracts to create layer 2 tokens, such as Ethereum which uses the ERC-20 standard for fungible tokens, Cardano allows for Tokens to be&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[383,276,30],"class_list":["post-3906","post","type-post","status-publish","format-standard","hentry","category-musings","tag-anzens","tag-djed","tag-native-tokens"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cardano Native Tokens - ADAvault<\/title>\n<meta name=\"description\" content=\"The ADAvault blog\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dev.adavault.com\/index.php\/2023\/01\/27\/cardano-native-tokens\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cardano Native Tokens - ADAvault\" \/>\n<meta property=\"og:description\" content=\"The ADAvault blog\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dev.adavault.com\/index.php\/2023\/01\/27\/cardano-native-tokens\/\" \/>\n<meta property=\"og:site_name\" content=\"ADAvault\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-27T21:18:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-28T12:03:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dev.adavault.com\/wp-content\/uploads\/2023\/01\/Cardano-101-What-is-a-Cardano-Native-Token-Asset-USDA-Stablecoin-1024x520.png\" \/>\n<meta name=\"author\" content=\"webmaster\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@adavaultops\" \/>\n<meta name=\"twitter:site\" content=\"@adavaultops\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"webmaster\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/dev.adavault.com\/index.php\/2023\/01\/27\/cardano-native-tokens\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/dev.adavault.com\/index.php\/2023\/01\/27\/cardano-native-tokens\/\"},\"author\":{\"name\":\"webmaster\",\"@id\":\"https:\/\/dev.adavault.com\/#\/schema\/person\/49b7a35bfadc7aa22c3643a455a1f179\"},\"headline\":\"Cardano Native Tokens\",\"datePublished\":\"2023-01-27T21:18:41+00:00\",\"dateModified\":\"2023-01-28T12:03:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/dev.adavault.com\/index.php\/2023\/01\/27\/cardano-native-tokens\/\"},\"wordCount\":180,\"publisher\":{\"@id\":\"https:\/\/dev.adavault.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/dev.adavault.com\/index.php\/2023\/01\/27\/cardano-native-tokens\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/dev.adavault.com\/wp-content\/uploads\/2023\/01\/Cardano-101-What-is-a-Cardano-Native-Token-Asset-USDA-Stablecoin-1024x520.png\",\"keywords\":[\"Anzens\",\"Djed\",\"Native Tokens\"],\"articleSection\":[\"Musings\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dev.adavault.com\/index.php\/2023\/01\/27\/cardano-native-tokens\/\",\"url\":\"https:\/\/dev.adavault.com\/index.php\/2023\/01\/27\/cardano-native-tokens\/\",\"name\":\"Cardano Native Tokens - 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