Cryptocurrency Q&A
Is ERC20 Ethereum mainnet?
Is ERC20 Ethereum mainnet?
Maria
Mon May 13 2024
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7 answers
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I'm quite interested in the intricacies of cryptocurrency, and I've come across ERC20 quite frequently. Could you clarify for me if ERC20 is indeed the mainnet of Ethereum? I've heard people mention it as such, but I'm still not quite sure. If it is, could you also explain what sets it apart from other blockchain networks? I'm eager to understand its significance within the Ethereum ecosystem and how it facilitates transactions and smart contracts. Thank you for your assistance in clarifying this matter for me.
7 answers
OliviaTaylor
Wed May 15 2024
Ethereum Mainnet and ERC20 are distinct concepts.
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Ilaria
Tue May 14 2024
Ethereum Mainnet refers to the actual blockchain of Ethereum.
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MysticStorm
Tue May 14 2024
It defines a set of rules for tokens issued on the Ethereum blockchain.
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CryptoLord
Tue May 14 2024
It is where genuine Ethereum transactions occur.
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HallyuHype
Tue May 14 2024
ERC20 tokens are compatible with wallets and exchanges that support the standard.
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