Paolo
Mon May 13 2024
|
6 answers
1253
Is ETH ERC-20 compatible?
Could you please clarify if Ethereum, commonly referred to as ETH, is compatible with the ERC-20 standard? I've heard that ERC-20 is a technical standard used for smart contracts on the Ethereum blockchain that define certain rules and functionalities for tokens. However, I'm not entirely sure if all Ethereum tokens adhere to this standard or if there are exceptions. It would be helpful if you could explain the relationship between ETH and ERC-20, and whether ETH itself is considered an ERC-20 token. Thank you for your assistance in clarifying this matter.
CryptoTitan
Mon May 13 2024
|
5 answers
1391
What is ERC20 compatible wallet address?
Could you please explain what an ERC20 compatible wallet address is? I've been hearing about it quite often in the cryptocurrency community, but I'm still a bit hazy on the concept. Is it a specific type of wallet that can store ERC20 tokens? Or does it refer to a certain feature or attribute that wallets possess? Also, why is it important for a wallet to be ERC20 compatible? Could you provide some examples of ERC20 compatible wallets that are popular in the market? Lastly, are there any security considerations I should be aware of when using an ERC20 compatible wallet? Thank you for your clarification!
