WhisperInfinity
Mon May 13 2024
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6 answers
1250
How much is ERC-20 worth?
Excuse me, I'm trying to understand the value of ERC-20 tokens, but I'm still a bit hazy on the concept. Could you please elaborate on how much ERC-20 is worth? I've heard it mentioned in several financial discussions, but I'm not quite sure how to interpret its value. Is it based on market demand and supply? Or does it depend on the specific use case and functionality of the token? Could you provide some insights into its pricing mechanism and factors that might affect its worth? I'm really interested in understanding this better to make informed decisions in the cryptocurrency market.
ZenMind
Mon May 13 2024
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6 answers
1274
Is USDC ERC-20?
I'm quite interested in the USDC cryptocurrency, but I'm a bit confused about its technical details. Could you clarify for me if USDC is indeed an ERC-20 token? ERC-20, as I understand, is a technical standard used for smart contracts on the Ethereum blockchain, and it's essential for ensuring compatibility and interoperability among various tokens. So, is USDC built on this standard, or does it operate on a different mechanism? I'd appreciate it if you could break it down for me in a way that's easy to understand.
Caterina
Mon May 13 2024
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6 answers
1143
Is ERC-20 on Binance?
Excuse me, I'm a bit confused about ERC-20 tokens and their relationship with Binance. Could you please clarify if ERC-20 tokens are available on the Binance platform? I've heard that ERC-20 is a technical standard for tokens on the Ethereum blockchain, but I'm not sure if Binance supports them. If they do, how does it work? Can I trade ERC-20 tokens on Binance? And if not, are there any alternative exchanges that do support ERC-20 tokens? I'd really appreciate it if you could provide some clarity on this matter.
GeishaGrace
Mon May 13 2024
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7 answers
1467
Can you send any ERC-20 to Ledger?
Could you please enlighten me on whether it's feasible to send ERC-20 tokens to a Ledger wallet? I've been hearing a lot about the security and convenience it offers, but I'm still a bit hazy on the specifics. Would sending ERC-20 tokens to a Ledger involve any special steps or considerations? Also, are there any specific ERC-20 tokens that are more compatible with Ledger than others? Your insights would be greatly appreciated.
DigitalCoinDreamer
Mon May 13 2024
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5 answers
954
Is USDT ERC-20 and TRC20 the same?
Is USDT ERC-20 and TRC20 the same?" This is a question that often confuses individuals who are new to the realm of cryptocurrency and blockchain technology. To clarify, let's delve into the nuances of these two terms. ERC-20, as we know, is a standard protocol for issuing tokens on the Ethereum blockchain. It defines a set of rules and functions that allow tokens to be compatible and interchangeable with the wider Ethereum ecosystem. ERC-20 tokens can be easily integrated into Ethereum wallets and exchanged for other ERC-20 tokens, providing seamless interoperability. On the other hand, TRC20 is a token standard specific to the TRON blockchain. Similar to ERC-20, TRC20 defines a framework for creating and managing tokens on the TRON network. However, the key difference lies in the underlying blockchain technology; TRC20 tokens are native to the TRON blockchain, while ERC-20 tokens are native to Ethereum. So, when it comes to USDT, there can be ERC-20 compliant versions and TRC20 compliant versions. The ERC-20 version of USDT is designed to work seamlessly with Ethereum wallets and exchanges, while the TRC20 version is tailored for use on the TRON blockchain. In summary, USDT ERC-20 and USDT TRC20 are not the same. They represent the same underlying stablecoin value, but are tailored to operate on different blockchain networks, each with its own set of rules and functionalities. It's important to understand the differences when interacting with these tokens, as they may have different use cases and compatibility considerations.
