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


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.


There is ERC865 Pay transfers in tokens instead of gas.

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.