Cryptocurrency Q&A
Is ERC-20 the same as ETH network?
Is ERC-20 the same as ETH network?
BitcoinBaroness
Fri Oct 18 2024
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7 answers
1560
I'm trying to understand the relationship between ERC-20 and the ETH network. Are they the same thing, or are there differences between them? I want to clarify this point to better understand the crypto world.
7 answers
SsangyongSpirited
Sun Oct 20 2024
ERC-20 and ETH are not interchangeable terms. ETH, the native cryptocurrency of the Ethereum blockchain, plays a crucial role in facilitating network operations and serving as the medium for transaction fees.
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Daniele
Sat Oct 19 2024
In addition to spot trading, BTCC also offers futures trading for select ERC-20 tokens, allowing traders to speculate on the future price movements of these assets. This feature adds an additional layer of complexity and potential profit opportunities for experienced traders.
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Claudio
Sat Oct 19 2024
In contrast, ERC-20 tokens represent a specific standard of tokens that operate on the Ethereum network. These tokens adhere to a predefined set of rules, known as the ERC-20 standard, which ensures compatibility and interoperability across various platforms and wallets.
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Margherita
Sat Oct 19 2024
BTCC's wallet service is another valuable offering that supports the storage and management of ERC-20 tokens. Users can securely store their tokens in their BTCC wallet, ensuring that their assets are protected against potential security threats.
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Rosalia
Sat Oct 19 2024
The ERC-20 standard simplifies the process of creating, issuing, and managing tokens on the Ethereum blockchain. It outlines the necessary functions and technical specifications that must be implemented for a token to be considered ERC-20 compliant.
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