KpopStarletShineBrightnessStarlight
Mon May 13 2024
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5 answers
1249
Is ERC-20 Ethereum mainnet?
Is ERC-20 truly considered as part of the Ethereum mainnet? This question seems to delve into the technicalities of blockchain technology, specifically within the realm of Ethereum. ERC-20, as we know, is a technical standard used for smart contracts on the Ethereum blockchain for implementing tokens. But does this automatically classify it as being a part of the mainnet? The Ethereum mainnet, on the other hand, refers to the primary, operational network where transactions and smart contracts are executed. So, are ERC-20 tokens simply compliant with the standards set by Ethereum, or do they actually reside on the mainnet itself? It's a subtle but important distinction that I'd like to clarify.
Nicola
Sun May 12 2024
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5 answers
1625
Is ERC-20 the mainnet?
Excuse me, I'm trying to understand the intricacies of cryptocurrency technology, and I've come across the term ERC-20. I'm just a bit confused about its role and function. Could you please clarify if ERC-20 is considered the mainnet? I've heard people mention it in the context of Ethereum tokens, but I'm not sure if it's synonymous with the main blockchain network itself. It would be helpful if you could explain the difference between ERC-20 and a mainnet, and how they interact with each other, if at all. Your insights would greatly assist me in grasping this complex yet fascinating field.
