Cryptocurrency Q&A
What is the difference between ETH and ERC?
What is the difference between ETH and ERC?
Alessandra
Sun May 12 2024
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5 answers
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Could you please elaborate on the fundamental differences between ETH and ERC? I've heard they're both associated with Ethereum, but I'm curious about their specific roles and functionalities. ETH, as I understand, is the native currency of the Ethereum network, powering transactions and serving as the backbone of its economy. But what exactly is ERC, and how does it differ from ETH? Is ERC a type of token or a standard? How does it interact with the Ethereum blockchain? I'm eager to gain a deeper understanding of these concepts and how they fit into the broader cryptocurrency and finance landscape. Thank you for your clarification.
5 answers
DigitalDuke
Tue May 14 2024
This framework enables the creation of smart contracts on the Ethereum platform, often utilized for crowdfunding purposes through initial coin offerings (ICOs).
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GinsengBoostPowerBoost
Tue May 14 2024
BTCC, a UK-based cryptocurrency exchange, offers a comprehensive range of services.
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Dario
Tue May 14 2024
Ether, the fundamental cryptocurrency of the Ethereum network, fulfills a pivotal role.
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NebulaSoul
Tue May 14 2024
It serves as the 'fuel' that powers and facilitates the execution of smart contracts on the blockchain.
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EchoSolitude
Tue May 14 2024
ERC-20 tokens, on the other hand, represent a standardized technical framework.
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