Cryptocurrency Q&A
What is ERC-20 on Coinbase?
What is ERC-20 on Coinbase?
AzurePulseStar
Mon Dec 02 2024
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6 answers
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ERC-20 is a token standard on the Ethereum blockchain, defining how tokens are transferred, queried, and operated. Coinbase, a leading cryptocurrency exchange, supports ERC-20 tokens, allowing users to buy, sell, and store these tokens securely. The first ERC-20 token listed on Coinbase Pro was 0x (ZRX), back in 2018.
6 answers
ShintoBlessed
Wed Dec 04 2024
This means that one token can be exchanged for another token of the same type on a one-for-one basis.
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Chiara
Wed Dec 04 2024
Ethereum Request for Comments, or ERC 20, holds a significant position in the cryptocurrency realm.
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Elena
Wed Dec 04 2024
It serves as the token standard that empowers users to create tokens with specific characteristics.
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CryptoPioneer
Wed Dec 04 2024
One of the key attributes of ERC 20 tokens is their fungibility.
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CryptoNinja
Wed Dec 04 2024
Fungibility implies that each token issued under ERC 20 has an equivalent value.
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