Cryptocurrency Q&A
What is ERC 20 on Coinbase?
What is ERC 20 on Coinbase?
Martino
Tue Dec 03 2024
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6 answers
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I'm trying to understand what ERC 20 is in relation to Coinbase. I've heard that Coinbase has its own platform token called COIN, which is an ERC 20 token. I want to know more about ERC 20 tokens, specifically how they work on the Coinbase platform and what utilities or benefits they offer users.
6 answers
Dario
Thu Dec 05 2024
It enables users to issue tokens that possess certain characteristics.
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Elena
Thu Dec 05 2024
One key aspect of ERC 20 tokens is their fungibility.
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Margherita
Thu Dec 05 2024
Fungibility means that each token of the same type has the same value.
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ZenMind
Thu Dec 05 2024
ERC 20 stands as the token standard for Ethereum.
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BlockchainWizardGuard
Thu Dec 05 2024
This allows for easy exchange, where one token can be swapped for another of the same type.
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