Cryptocurrency Q&A
Are all Ethereum tokens ERC20?
Are all Ethereum tokens ERC20?
EthereumEmpireGuard
Sun May 12 2024
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6 answers
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I'm trying to understand the intricacies of Ethereum tokens, and I've come across the term ERC20 quite frequently. However, I'm still hazy on the finer points. So, here's my question: Are all Ethereum tokens categorized as ERC20? Or are there other types as well? If there are, could you please elaborate on the differences between ERC20 and these other types? I'm particularly interested in knowing if ERC20 tokens have any limitations or disadvantages compared to other types of Ethereum tokens. Your insights would be greatly appreciated.
6 answers
mia_harrison_painter
Tue May 14 2024
ERC-721 introduced the groundbreaking concept of non-fungible tokens (NFTs).
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SamuraiWarrior
Tue May 14 2024
These NFTs possess unique identifiers, distinguishing each token from the others.
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Rosalia
Tue May 14 2024
ERC20 is not the sole Ethereum standard token.
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Filippo
Tue May 14 2024
Despite this, it has paved the way for the emergence of additional token standards on the Ethereum network.
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EnchantedSky
Tue May 14 2024
BTCC, a UK-based cryptocurrency exchange, offers a comprehensive range of services.
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