What is the difference between ERC-20 and USDT?
I'm curious about the differences between ERC-20 and USDT. Could you please elaborate on this? ERC-20, I understand, is a technical standard used for smart contracts on the Ethereum blockchain, allowing for the issuance of fungible tokens. But USDT, I'm not as familiar with. Is it a specific type of ERC-20 token? Or does it operate differently? What are the main characteristics that distinguish these two? And how do investors typically use them in their portfolios? I'm keen to understand the nuances and how they fit into the broader cryptocurrency and finance landscape.
How much is ERC-20 worth?
Excuse me, I'm trying to understand the value of ERC-20 tokens, but I'm still a bit hazy on the concept. Could you please elaborate on how much ERC-20 is worth? I've heard it mentioned in several financial discussions, but I'm not quite sure how to interpret its value. Is it based on market demand and supply? Or does it depend on the specific use case and functionality of the token? Could you provide some insights into its pricing mechanism and factors that might affect its worth? I'm really interested in understanding this better to make informed decisions in the cryptocurrency market.
Is USDC ERC-20?
I'm quite interested in the USDC cryptocurrency, but I'm a bit confused about its technical details. Could you clarify for me if USDC is indeed an ERC-20 token? ERC-20, as I understand, is a technical standard used for smart contracts on the Ethereum blockchain, and it's essential for ensuring compatibility and interoperability among various tokens. So, is USDC built on this standard, or does it operate on a different mechanism? I'd appreciate it if you could break it down for me in a way that's easy to understand.
Is ERC-20 on Binance?
Excuse me, I'm a bit confused about ERC-20 tokens and their relationship with Binance. Could you please clarify if ERC-20 tokens are available on the Binance platform? I've heard that ERC-20 is a technical standard for tokens on the Ethereum blockchain, but I'm not sure if Binance supports them. If they do, how does it work? Can I trade ERC-20 tokens on Binance? And if not, are there any alternative exchanges that do support ERC-20 tokens? I'd really appreciate it if you could provide some clarity on this matter.
Can you send any ERC-20 to Ledger?
Could you please enlighten me on whether it's feasible to send ERC-20 tokens to a Ledger wallet? I've been hearing a lot about the security and convenience it offers, but I'm still a bit hazy on the specifics. Would sending ERC-20 tokens to a Ledger involve any special steps or considerations? Also, are there any specific ERC-20 tokens that are more compatible with Ledger than others? Your insights would be greatly appreciated.