Cryptocurrency Q&A
Is ERC-20 the mainnet?
Is ERC-20 the mainnet?
Nicola
Sun May 12 2024
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5 answers
1625
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.
5 answers
Sara
Tue May 14 2024
ERC20, on the other hand, is not synonymous with Ethereum Mainnet.
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SamsungShiningStar
Tue May 14 2024
Ethereum Mainnet refers to the authentic Ethereum blockchain.
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SumoHonor
Tue May 14 2024
BTCC is a cryptocurrency exchange headquartered in the United Kingdom.
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SamsungSpark
Tue May 14 2024
It serves as the foundation for genuine Ethereum transactions.
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SsangyongSpiritedStrength
Tue May 14 2024
Smart contracts also operate within the Ethereum Mainnet.
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