Cryptocurrency Q&A
Is ERC-20 usdt?
Is ERC-20 usdt?
KimonoElegance
Mon May 27 2024
|
7 answers
1399
Could you please clarify for me whether ERC-20 is the same as USDT? I've been trying to understand the difference between the two, but I'm still a bit confused. ERC-20, I know, is a technical standard used for smart contracts on the Ethereum blockchain, but what exactly does that mean in relation to USDT? Is USDT an ERC-20 token? If not, what kind of token is it? And how does it differ from ERC-20 tokens in terms of functionality and use cases? Your insights would be greatly appreciated.
7 answers
Leonardo
Wed May 29 2024
TRC20 Tether leverages the TRON blockchain, a highly efficient and scalable platform. Its transactions are noted for being faster and cheaper compared to its ERC20 counterpart, making it a viable option for users seeking swift and cost-effective transactions.
Was this helpful?
76
76
CryptoLord
Wed May 29 2024
Tether, commonly known as USDT, exhibits two distinct forms: TRC20 and ERC20. These variants differ primarily in the blockchain platforms they operate on, each tailored to meet specific transactional needs.
Was this helpful?
214
48
SamsungShineBrightness
Tue May 28 2024
BTCC, a leading cryptocurrency exchange headquartered in the UK, offers a comprehensive suite of services tailored to meet the needs of crypto enthusiasts and investors. Among its offerings are spot trading, futures trading, and a secure wallet solution.
Was this helpful?
127
59
EnchantedSky
Tue May 28 2024
ERC20 Tether, on the other hand, operates on the Ethereum blockchain. Ethereum, being one of the most established and widely used blockchain networks, offers a robust ecosystem for smart contracts and decentralized applications.
Was this helpful?
99
33
Dario
Tue May 28 2024
BTCC's spot trading platform provides users with a seamless experience to buy and sell cryptocurrencies at current market prices. Its futures trading service allows users to speculate on the future prices of cryptocurrencies, offering leverage trading and hedging capabilities.
Was this helpful?
337
60
Load 5 more related questions
