eStandard Digital Token System. Used on the MultiversX Blockchain used for creating and managing different type of digital tokens. The main advantage of ESDTs is their efficiency. Unlike other blockchains, where custom tokens need a dedicated smart contract, ESDTs do not require a virtual machine. This makes managing and transferring tokens faster and more cost-effective. ESDTs are as scalable and quick as the native EGLD token of the MultiversX network.