Questions tagged [erc20]

Eleonora Mon May 13 2024 | 6 answers 1451

I've been hearing a lot about ERC20 tokens in the cryptocurrency world. Could you tell me if ERC20 is really good? I've seen some projects adopting it as their token standard, but I'm still not sure if it's worth investing in or using for my projects. What are the main advantages of ERC20? Are there any potential downsides I should be aware of? And how does it compare to other token standards in the market? I'm just trying to get a better understanding of ERC20 before making any decisions.

CryptoWizardry Mon May 13 2024 | 7 answers 1766

Could you enlighten me on the naming convention behind ERC20? I've been hearing this term frequently in the cryptocurrency circles, but I'm still hazy about its origin. Is it related to some specific features or functionalities of these tokens? Or perhaps, does it have a historical significance? I'm really curious to know more about it. I've read about the technical specifications and the way it interfaces with the Ethereum blockchain, but the naming itself still remains a mystery to me. Would you mind explaining it to me?

DavidJohnson Mon May 13 2024 | 6 answers 1288

Could you please clarify for me which cryptocurrency falls under the ERC20 category? I've heard a lot about ERC20 tokens but I'm still not entirely sure which specific cryptocurrencies are included in this classification. ERC20 seems to be an important standard in the Ethereum blockchain, but I'm struggling to pinpoint which coins or tokens exactly adhere to this standard. Could you possibly enumerate a few examples or provide a more detailed explanation of ERC20 tokens? I'm really interested in understanding the specifics of this topic.

SumoPowerful Mon May 13 2024 | 7 answers 1474

Hello, I'm trying to figure out which type of USDT token I have in my wallet. I've heard there's ERC20 and TRC20 versions, but I'm not sure how to distinguish between them. Could you help me out with this? Is there a specific way to check the token type within my wallet or on any blockchain explorer? I'm a bit new to this and would appreciate any guidance you can provide.

Tommaso Mon May 13 2024 | 7 answers 2099

I'm a bit new to the world of cryptocurrencies, and I've heard a lot about ERC20 tokens. Could you please explain to me how I can acquire one? I'm not entirely sure where to start or what steps I need to take. Do I need to have a specific wallet? Should I buy it from an exchange? Is there a recommended platform or method? Any guidance would be greatly appreciated as I'm eager to learn more and get involved in this exciting space.