Cryptocurrency Q&A
Is THORChain an ERC-20?
Is THORChain an ERC-20?
HanbokGlamourQueenElegance
Wed May 22 2024
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5 answers
1213
Is THORChain categorized as an ERC-20 token? I've heard some discussions about it being built on Ethereum, but I'm not entirely sure if that makes it an ERC-20. Could you clarify this for me? I'm trying to understand the technical details behind THORChain and how it fits into the larger cryptocurrency ecosystem. It seems to have some unique features compared to other projects, but I'm still wrapping my head around it. Thanks for your help!
5 answers
Enrico
Fri May 24 2024
The separation between Coinbase and Coinbase Wallet ensures a high level of security and autonomy for users. While Coinbase provides a regulated and secure trading platform, Coinbase Wallet offers a more decentralized and self-custodial experience.
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GinsengBoostPower
Fri May 24 2024
This distinction is crucial for those who value privacy and control over their assets. By storing THORChain (ERC20) in Coinbase Wallet, users retain full ownership and control over their funds, without relying on a centralized intermediary.
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CryptoVanguard
Fri May 24 2024
THORChain (ERC20) represents a unique and innovative project in the cryptocurrency sphere. This digital asset offers users a range of advanced functionalities and features, making it a compelling choice for those seeking to diversify their portfolios.
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DigitalEagle
Fri May 24 2024
BTCC, a leading cryptocurrency exchange based in the UK, offers a comprehensive suite of services. These include spot trading, futures trading, and a secure wallet solution. By leveraging BTCC's platform, users can access a wide range of crypto assets and trading options, tailored to their needs and preferences.
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InfinityEcho
Fri May 24 2024
Coinbase Wallet, on the other hand, serves as a secure and convenient platform for managing digital assets. It allows users to store, send, and receive cryptocurrencies, including THORChain (ERC20). It's important to note that assets held in Coinbase Wallet are not directly held by Coinbase itself.
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