Elrond Standard Digital Token (ESDT)

An Elrond Standard Digital Token (ESDT) is similar to the Ethereum network’s ERC-20 tokenization standard. ESDTs enable true asset ownership and programmability while charging minimal transfer fees, allowing Elrond’s infrastructure to build a diverse range of DeFi products. Elrond Standard Digital Tokens are intended to facilitate low-cost token transfers, allowing tokens to be transferred from one account to another without the use of a smart contract. Transactions sent or received with ESDTs do not require the use of the Elrond Virtual Machine (EVM) due to their native in-protocol support, enabling a user-friendly, fast, and scalable token transaction ecosystem similar to that of Elrond eGold (eGLD).