Cryptocurrency Q&A
Is ERC20 a Blockchain?
Is ERC20 a Blockchain?
GyeongjuGrace
Mon May 13 2024
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6 answers
1431
I'm curious about ERC20. Could you please clarify for me? Is ERC20 considered a blockchain in itself, or is it merely a standard or protocol that operates within a blockchain ecosystem? If it's not a blockchain, then what exactly does ERC20 represent, and how does it function within the broader context of cryptocurrency and blockchain technology? I'd really appreciate it if you could break it down for me in a way that's easy to understand.
6 answers
CryptoPioneer
Wed May 15 2024
ERC-20 assets are tokens that comply with the ERC-20 standard.
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mia_clark_teacher
Wed May 15 2024
These assets possess distinct functionalities tailored for diverse applications within the Ethereum ecosystem.
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EthereumElite
Tue May 14 2024
These assets can be securely stored in the majority of Ethereum wallets.
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ShintoMystical
Tue May 14 2024
ERC-20 tokens can be seamlessly transferred to any Ethereum wallet address.
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Tommaso
Tue May 14 2024
ERC-20 assets serve as the utility tokens of the Ethereum blockchain, enabling various functionalities and services.
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