Ever since BitClout was announced, there has been much debate about whether or not the platform is built on Ethereum. Some say that BitClout is built on Ethereum because it uses ERC-20 tokens.
Others say that BitClout is not built on Ethereum because it does not use smart contracts. So, which is it? Is BitClout built on Ethereum or not?.
The answer is a bit complicated. BitClout is built on top of the Ethereum blockchain, but it does not use smart contracts. Instead, BitClout uses something called an ERC-20 token.
NOTE: WARNING: BitClout is not built on Ethereum, it is built on its own blockchain. While there may be similarities between the two platforms, they are not the same. Furthermore, using BitClout involves risks that you should understand before investing in it. You should research more about the platform and its associated risks before investing in it.
ERC-20 tokens are a type of cryptocurrency that is based on the Ethereum blockchain. So, while BitClout is not technically built on Ethereum, it does use the Ethereum blockchain to power its platform.
So, there you have it. Is BitClout built on Ethereum? Technically, no.
But does it use the Ethereum blockchain? Yes.
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