Cryptocurrency Q&A
Is XRP ERC-20?
Is XRP ERC-20?
Raffaele
Mon May 13 2024
|
7 answers
2105
I'm curious, is XRP ERC-20? I've been hearing a lot about ERC-20 tokens in the cryptocurrency world, and I'm trying to understand the differences between various types of tokens. I know XRP is the native digital asset of the Ripple network, but I'm not sure if it falls into the ERC-20 category. Could you please clarify this for me? It would help me better understand the nuances of cryptocurrency tokens and their uses in the finance industry.
7 answers
Daniele
Wed May 15 2024
Despite their shared classification, these two tokens are founded on distinct underlying technologies.
Was this helpful?
164
84
Michele
Wed May 15 2024
ERC-20 tokens and Ripple's XRP belong to the realm of digital assets or cryptocurrencies.
Was this helpful?
239
36
CherryBlossomDancing
Tue May 14 2024
XRP, meanwhile, acts as a bridge currency, facilitating cross-border payments and transactions within the RippleNet.
Was this helpful?
366
40
Giulia
Tue May 14 2024
ERC-20 tokens adhere to a specific technical standard within the Ethereum blockchain ecosystem.
Was this helpful?
312
58
GeishaElegance
Tue May 14 2024
Ripple's XRP, on the other hand, operates independently, utilizing its own technology within the RippleNet payment network.
Was this helpful?
334
88
Load 5 more related questions
