Cryptocurrency Q&A
Is Ethereum mainnet the same as ERC20?
Is Ethereum mainnet the same as ERC20?
alexander_jackson_athlete
Sat Aug 17 2024
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7 answers
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Hello there, I'm curious about something. Could you please clarify if Ethereum mainnet and ERC20 are one and the same, or are they different entities within the broader cryptocurrency landscape? I've heard both terms being used interchangeably at times, but I'm looking for a clear distinction between the two. Any insights you could provide would be greatly appreciated. Thank you!
7 answers
Eleonora
Mon Aug 19 2024
ERC20 and the Ethereum Network are often mentioned together, but they serve distinct purposes within the cryptocurrency ecosystem.
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Maria
Mon Aug 19 2024
Ethereum, the blockchain network, has its native cryptocurrency known as ether (ETH). This digital asset powers transactions and smart contract execution on the platform.
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Alessandro
Mon Aug 19 2024
On the other hand, ERC20 refers to the Ethereum Request for Comment number 20, a technical standard that governs the creation of tokens on the Ethereum blockchain.
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KimchiQueenCharm
Sun Aug 18 2024
The ERC20 standard defines a set of rules and guidelines for developers to follow when creating new tokens, ensuring compatibility and interoperability with Ethereum wallets and exchanges.
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CryptoVanguard
Sun Aug 18 2024
Despite the close relationship between ERC20 and Ethereum, they are not synonymous. Ethereum is the blockchain network, while ERC20 is a technical standard that enables the creation of tokens on that network.
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