Questions tagged [erc-20]

CryptoBaron Mon May 13 2024 | 6 answers 1374

Excuse me, could you please explain to me how I can make payments using ERC-20 tokens? I've heard a lot about them but I'm still a bit confused about the process. Is it similar to paying with traditional currencies, or does it involve a more complex set of steps? Also, are there any specific wallets or platforms that I should use for ERC-20 payments? I'd really appreciate it if you could break it down for me in simple terms.

Federico Mon May 13 2024 | 6 answers 1411

I've been hearing a lot about ERC-20 in the cryptosphere, but I'm still not quite sure what it actually is. Could you clarify for me whether ERC-20 is considered a token or a coin? It seems to me that there's some overlap in terminology, and I'm trying to get a clearer understanding of the distinction. I understand that ERC-20 is a technical standard for tokens on the Ethereum blockchain, but does that automatically mean it's a token and not a coin? Or is the distinction more nuanced than that? I'd appreciate it if you could break it down for me in a way that's easy to understand.

CryptoProphet Mon May 13 2024 | 6 answers 1121

Could you please clarify for me if BNB is ERC-20 or BEP20? I've been hearing different opinions on this matter and I'm quite confused. I understand that ERC-20 is a standard for tokens built on the Ethereum blockchain, while BEP20 is a similar standard for tokens on the Binance Smart Chain. But what exactly is BNB classified as? Is it an ERC-20 token, a BEP20 token, or perhaps something else entirely? I'd really appreciate it if you could shed some light on this matter for me.

ZenHarmonious Mon May 13 2024 | 6 answers 1353

I'm curious about something related to cryptocurrencies. Could you please explain what an ERC-20 wallet address is? I've heard the term quite often but haven't quite grasped its significance. Is it a unique identifier for a specific type of cryptocurrency wallet? Or does it have something to do with the Ethereum blockchain? Also, how do I obtain an ERC-20 wallet address? Is it automatically generated when I create a new wallet? Or is there a specific process involved? I'd appreciate it if you could provide a clear and concise explanation. Thank you in advance for your help!

SumoPowerful Mon May 13 2024 | 6 answers 1193

I'm just curious, could you clarify something for me? I've been hearing a lot about ERC-20 tokens and Ethereum wallets, and I'm wondering if there's a direct link between them. Is it possible to send an ERC-20 token to an Ethereum wallet? I'm a bit new to this cryptocurrency stuff, so I'm trying to get a better understanding of how it all works. Could you enlighten me on this matter? It would really help me out. Thanks in advance for your time and assistance!