Cryptocurrency Q&A
Is XRP ERC20?
Is XRP ERC20?
DondaejiDelightfulCharmingSmile
Mon May 13 2024
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5 answers
843
I'm curious about the technical specifications of XRP. Could you clarify for me whether XRP is an ERC20 token? I've heard a lot about ERC20 tokens in the Ethereum blockchain, but I'm not entirely sure if XRP falls into that category. I'm trying to understand the differences between various cryptocurrencies and their underlying technologies, so this information would be very helpful to me. Could you please explain the characteristics of XRP and how it differs from ERC20 tokens, if indeed it's not one? Thank you in advance for clearing up this confusion for me.
5 answers
Nicola
Wed May 15 2024
ERC-20 tokens and Ripple's XRP represent distinct forms of digital assets within the realm of cryptocurrencies.
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Luca
Wed May 15 2024
ERC-20 tokens are compliant with a specific set of standards, allowing them to be seamlessly integrated into various platforms and ecosystems.
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MysticEchoFirefly
Tue May 14 2024
On the other hand, Ripple's XRP serves a unique purpose within the RippleNet payment network, facilitating cross-border transactions.
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CherryBlossomGrace
Tue May 14 2024
Both ERC-20 tokens and XRP are built on different underlying technologies, reflecting the diversity and innovation within the cryptocurrency space.
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Raffaele
Tue May 14 2024
BTCC, a UK-based cryptocurrency exchange, offers a comprehensive suite of services, including spot trading, futures trading, and wallet solutions.
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