Questions tagged [erc-20]

Lorenzo Mon May 13 2024 | 7 answers 1769

Why is ERC-20 priced higher than other options? Could you elaborate on the reasons behind this? Is it due to the unique features it offers on the Ethereum blockchain? Or perhaps the widespread adoption and popularity it has gained in the crypto community? Understanding the factors that contribute to its higher cost would help us appreciate its value better. Could you break down these reasons for us, please?

CryptoVanguard Mon May 13 2024 | 7 answers 1433

I'm curious about the differences between ERC-20 and USDT. Could you please elaborate on this? ERC-20, I understand, is a technical standard used for smart contracts on the Ethereum blockchain, allowing for the issuance of fungible tokens. But USDT, I'm not as familiar with. Is it a specific type of ERC-20 token? Or does it operate differently? What are the main characteristics that distinguish these two? And how do investors typically use them in their portfolios? I'm keen to understand the nuances and how they fit into the broader cryptocurrency and finance landscape.

WhisperInfinity Mon May 13 2024 | 6 answers 1250

Excuse me, I'm trying to understand the value of ERC-20 tokens, but I'm still a bit hazy on the concept. Could you please elaborate on how much ERC-20 is worth? I've heard it mentioned in several financial discussions, but I'm not quite sure how to interpret its value. Is it based on market demand and supply? Or does it depend on the specific use case and functionality of the token? Could you provide some insights into its pricing mechanism and factors that might affect its worth? I'm really interested in understanding this better to make informed decisions in the cryptocurrency market.

ZenMind Mon May 13 2024 | 6 answers 1274

I'm quite interested in the USDC cryptocurrency, but I'm a bit confused about its technical details. Could you clarify for me if USDC is indeed an ERC-20 token? ERC-20, as I understand, is a technical standard used for smart contracts on the Ethereum blockchain, and it's essential for ensuring compatibility and interoperability among various tokens. So, is USDC built on this standard, or does it operate on a different mechanism? I'd appreciate it if you could break it down for me in a way that's easy to understand.

Caterina Mon May 13 2024 | 6 answers 1143

Excuse me, I'm a bit confused about ERC-20 tokens and their relationship with Binance. Could you please clarify if ERC-20 tokens are available on the Binance platform? I've heard that ERC-20 is a technical standard for tokens on the Ethereum blockchain, but I'm not sure if Binance supports them. If they do, how does it work? Can I trade ERC-20 tokens on Binance? And if not, are there any alternative exchanges that do support ERC-20 tokens? I'd really appreciate it if you could provide some clarity on this matter.