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AUTHOR(S): Nikos E. Mastorakis
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TITLE Tokenization of a Property on the Ethereum and Solana Blockchains: A Comparative Study |
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ABSTRACT This paper presents the tokenization of a 100 m² property into 100,000 tokens, which are then deployed on the Ethereum and Solana blockchains. Each token represents 0.001 m² of the property (or 0.00001 of its total value). The following is a step-by-step overview, along with sample code, demonstrating how to perform this tokenization on Ethereum using the ERC-20 token standard—the most commonly used standard for Ethereum-based tokens. Additionally, we show that tokenizing the property on the Solana blockchain is entirely feasible, although the process differs from Ethereum. Solana uses the SPL Token standard, and its programs are written in Rust, unlike Ethereum’s Solidity-based development. |
KEYWORDS Real Estate Tokenization, Blockchain Technology, Ethereum Blockchain, Solana Blockchain, ERC-20 Token, Standard SPL, Token Standard, Fractional Ownership, Digital Assets, Smart Contracts, Decentralized Finance (DeFi), Property Tokenization, Rust Programming Language, Solidity Programming, Language Token Economics |
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Cite this paper Nikos E. Mastorakis. (2025) Tokenization of a Property on the Ethereum and Solana Blockchains: A Comparative Study. International Journal of Economics and Management Systems, 10, 45-57 |
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