Cryptocurrency Q&A
Is ERC-20 the same as ETH?
Is ERC-20 the same as ETH?
Dario
Sun May 12 2024
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7 answers
2025
I've often heard about ERC-20 tokens and ETH, but I'm still a bit fuzzy on the difference. Are ERC-20 and ETH interchangeable? Could you please clarify this for me? I understand that ETH is the native token of the Ethereum blockchain, but does that mean all ERC-20 tokens are essentially ETH? Or are they distinct entities with different functions and purposes? It would be great if you could break it down for me in simple terms. Thank you in advance for your time and explanation!
7 answers
CryptoVisionaryGuard
Tue May 14 2024
It serves as the internal payment mechanism, facilitating transactions and operations within the Ethereum ecosystem.
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Luca
Tue May 14 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services catering to diverse crypto needs.
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alexander_rose_writer
Tue May 14 2024
ERC-20, on the other hand, represents a technical standard for tokens on the Ethereum blockchain.
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GwanghwamunGuardianAngel
Tue May 14 2024
This standard enables the creation of fungible tokens that are compatible with smart contracts.
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GwanghwamunGuardianAngelWingsBlessing
Tue May 14 2024
Ether, also known as ETH, is the fundamental token utilized by the Ethereum blockchain and network.
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