Cryptocurrency Q&A
Is ERC-20 only on Ethereum?
Is ERC-20 only on Ethereum?
Andrea
Sun May 12 2024
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7 answers
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Could you clarify something for me, please? I've been hearing a lot about ERC-20 tokens, and I'm trying to wrap my head around the concept. I've seen it mentioned in relation to Ethereum, but does that mean ERC-20 is exclusive to the Ethereum blockchain? Or is it possible for ERC-20 tokens to exist on other platforms as well? I'm just trying to understand the limitations and possibilities of this token standard. Your expertise in the field would be greatly appreciated.
7 answers
GeishaMelody
Tue May 14 2024
ERC-721 introduced the revolutionary concept of non-fungible tokens (NFTs).
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WhisperWind
Tue May 14 2024
Each NFT under ERC-721 possesses a unique identifier, distinguishing it from others.
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alexander_rose_writer
Tue May 14 2024
ERC20 is not the sole Ethereum standard token.
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Leonardo
Tue May 14 2024
Despite this, it paved the way for the emergence of various Ethereum token standards.
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Bianca
Tue May 14 2024
BTCC is a renowned cryptocurrency exchange headquartered in the UK.
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