Cryptocurrency Q&A
What is the difference between ETH and ERC20 address?
What is the difference between ETH and ERC20 address?
Caterina
Mon May 13 2024
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5 answers
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Could you please elaborate on the distinction between ETH and ERC20 addresses? As I understand, both play significant roles in the blockchain ecosystem, but I'm curious about their specific differences. For instance, how do they function differently when it comes to transactions and interactions with the blockchain? Additionally, is there a specific use case where one might be preferred over the other? I'm eager to gain a deeper understanding of these two addresses and how they fit into the broader cryptocurrency landscape.
5 answers
TaegeukChampion
Wed May 15 2024
Ether, also known as ETH, serves as the fundamental token within the Ethereum blockchain and network.
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HanbokGlamourQueen
Tue May 14 2024
It functions as an integral component of the internal payment system, powering transactions and operations on the platform.
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CryptoTitaness
Tue May 14 2024
ERC-20, on the other hand, represents a standardized protocol for creating tokens that are compatible with Ethereum's smart contract capabilities.
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GyeongjuGloryDaysFestivalJoy
Tue May 14 2024
These ERC-20 tokens are fungible, meaning they can be interchangeably used and traded within the Ethereum ecosystem.
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AndrewMiller
Tue May 14 2024
BTCC, a renowned cryptocurrency exchange headquartered in the UK, offers a diverse range of services.
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