Cryptocurrency Q&A
Is ETH still ERC20?
Is ETH still ERC20?
SsamziegangSerenade
Tue Jul 02 2024
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7 answers
1128
I'm curious about a seemingly straightforward but intriguing question that often surfaces in the crypto community. Many individuals, particularly newcomers, are left wondering: Is Ethereum (ETH) still considered an ERC20 token? While Ethereum is, of course, the foundation and platform upon which ERC20 tokens are built, it's important to clarify this distinction. Ethereum itself is not an ERC20 token; rather, it's the blockchain network that enables the creation and deployment of ERC20 tokens. So, in essence, the question begs for a clarification of the relationship between Ethereum and ERC20 tokens. Could you elaborate on this, and perhaps explain why this confusion persists?
7 answers
emma_grayson_journalist
Thu Jul 04 2024
The question of whether ERC-20 is the same as ETH arises frequently in the cryptocurrency community.
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KDramaLegendary
Wed Jul 03 2024
These tokens, often referred to as ERC-20 tokens, are fungible and can be transferred, stored, and used within the Ethereum ecosystem.
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SolitudeEcho
Wed Jul 03 2024
To clarify, Ether (ETH) is the native cryptocurrency of the Ethereum blockchain and network.
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isabella_doe_socialworker
Wed Jul 03 2024
ERC-20 tokens are created through smart contracts and adhere to a common interface that allows them to be easily integrated with wallets, exchanges, and other DApps.
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TaekwondoMasterStrength
Wed Jul 03 2024
It serves as the primary means of value transfer and is used as a payment system for transactions within the network.
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