Cryptocurrency Q&A
Is ERC-20 Ethereum mainnet?
Is ERC-20 Ethereum mainnet?
KpopStarletShineBrightnessStarlight
Mon May 13 2024
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5 answers
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Is ERC-20 truly considered as part of the Ethereum mainnet? This question seems to delve into the technicalities of blockchain technology, specifically within the realm of Ethereum. ERC-20, as we know, is a technical standard used for smart contracts on the Ethereum blockchain for implementing tokens. But does this automatically classify it as being a part of the mainnet? The Ethereum mainnet, on the other hand, refers to the primary, operational network where transactions and smart contracts are executed. So, are ERC-20 tokens simply compliant with the standards set by Ethereum, or do they actually reside on the mainnet itself? It's a subtle but important distinction that I'd like to clarify.
5 answers
NebulaChaser
Tue May 14 2024
Ethereum Mainnet and ERC20 are distinct concepts.
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ZenHarmonious
Tue May 14 2024
BTCC is a cryptocurrency exchange headquartered in the UK, offering a comprehensive range of services.
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SsamziegangSerenade
Tue May 14 2024
Ethereum Mainnet refers to the actual blockchain of Ethereum.
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CryptoProphet
Tue May 14 2024
On this blockchain, genuine Ethereum transactions occur and smart contracts are executed.
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SsamziegangStroll
Tue May 14 2024
ERC20, on the other hand, is a technical standard for tokens issued on the Ethereum blockchain.
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