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is it possible to create a token using the ERC20 and using it instead of ether in a private blockchain?

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in short : it is not possible as ether is the underlying currency used to pay miners for the transaction fees(e.g you could not send a transaction if you don't have enough ethers to cover the fees) and used as a reward for the mining reward . These rules are defined in the ethereum protocol to change them you have to rebuild the whole system. But as you are in a private chain ether itself could be considered as a token.

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There is ERC865 Pay transfers in tokens instead of gas.

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