Cryptocurrency Q&A
Is ERC-20 a wallet?
Is ERC-20 a wallet?
CryptoVanguard
Mon May 13 2024
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6 answers
1570
Excuse me, I've been hearing a lot about ERC-20 recently in the context of cryptocurrency, but I'm a bit confused. Could you clarify for me if ERC-20 is actually a wallet? I've seen it mentioned in relation to tokens and smart contracts, but I'm not sure how it fits into the overall picture of crypto storage and transactions. I'd really appreciate it if you could break it down for me in a way that's easy to understand. Is ERC-20 a standard for tokens, or is it something else entirely? And if it's not a wallet, then how does it interact with wallets and the broader cryptocurrency ecosystem?
6 answers
SunlitMystery
Wed May 15 2024
An ERC-20 wallet serves as a software application.
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GangnamGlitter
Wed May 15 2024
It enables users to view their token balances effortlessly.
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Lorenzo
Wed May 15 2024
Sending and receiving tokens is simplified with this wallet.
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Davide
Tue May 14 2024
The wallet also facilitates interaction with dApps within the Ethereum ecosystem.
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BitcoinBaron
Tue May 14 2024
Essentially, it offers a one-stop platform for managing and storing all Ethereum tokens.
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