Questions tagged [erc20]

Lorenzo Tue May 14 2024 | 7 answers 1589

I'm hearing some buzz around stETH these days and it got me thinking: could stETH actually be classified as an ERC-20 token? You know, ERC-20s are those tokens built on the Ethereum blockchain that adhere to a specific set of standards, allowing for interoperability and ease of use. Now, stETH, or staked Ethereum, is an interesting beast. It represents staking rewards for Ethereum 2.0 validators. But does that mean it ticks all the boxes for an ERC-20? Or is it more of a derivative or wrapper around the original Ethereum, not quite fitting the ERC-20 mold? I'm genuinely curious about this. Could you shed some light on whether stETH qualifies as an ERC-20 token or if it's something else entirely? It would be great to get a clear understanding of this, especially given its growing popularity in the crypto space.

Andrea Mon May 13 2024 | 5 answers 1290

Excuse me, could you clarify something for me? I've been hearing some conflicting information lately, and I'm trying to get a clear understanding. Is BNB still considered an ERC20 token? I've seen some discussions online stating that it's no longer ERC20 compliant, while others seem to suggest the opposite. Could you please shed some light on this matter? It's quite important for me to understand this as I'm considering investing in BNB. Thank you for your time and assistance.

Giuseppe Mon May 13 2024 | 5 answers 981

Hello, I'm just starting to delve into the world of cryptocurrencies, and I'm having a bit of confusion about withdrawing ERC20 tokens to TRC20. I've read that ERC20 is an Ethereum-based token standard, while TRC20 is the token standard used on the TRON blockchain. Could you possibly clarify if it's possible to withdraw ERC20 tokens directly to TRC20? If it is, what would be the general steps involved? If not, could you suggest an alternative way to achieve this conversion? I'm really eager to understand this process and I appreciate your help.

Elena Mon May 13 2024 | 6 answers 980

Could you please elaborate on the distinction between ERC20 and TRC20? I've heard about these two standards in the cryptosphere but am still a bit hazy on their specific differences. ERC20, I know, is a widely adopted token standard on the Ethereum blockchain, but what about TRC20? Is it similar in function or does it serve a different purpose? Could you provide some examples or scenarios where one might be preferred over the other? Also, are there any specific advantages or disadvantages associated with each standard? Thank you for clarifying this matter for me.

Daniela Mon May 13 2024 | 5 answers 1241

Is Binance ERC20?" This question seems to be seeking clarification on whether Binance, a popular cryptocurrency exchange platform, supports ERC20 tokens. ERC20 is a technical standard used for smart contracts on the Ethereum blockchain for implementing tokens. It defines a common set of rules for how tokens can be transferred and interacted with within the Ethereum ecosystem. Binance, as a leading cryptocurrency exchange, supports a wide range of digital assets, including many ERC20 tokens. However, whether a specific ERC20 token is available on Binance depends on the listing policies and decisions made by the exchange. So, to answer the question directly, Binance does not itself "be" ERC20. Instead, it is a platform that may or may not support ERC20 tokens, depending on the individual tokens and the exchange's listing policies. If you're interested in trading a specific ERC20 token on Binance, it's best to check the exchange's listing status or contact Binance's customer support for more information.