Cryptocurrency Q&A
Is an ERC20 token an NFT?
Is an ERC20 token an NFT?
SapphireRider
Sat Oct 26 2024
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7 answers
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I'm trying to understand the difference between ERC20 tokens and NFTs. Specifically, I want to know if an ERC20 token can be considered as an NFT, or if they are completely separate and distinct from each other.
7 answers
HanjiArtistryCraftsmanshipMasterpiece
Mon Oct 28 2024
ERC-20 represents the technical benchmark for tokens designed on the Ethereum blockchain that possess fungibility.
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Sara
Sun Oct 27 2024
The distinct nature of ERC-20 tokens makes them suitable for various use cases in the blockchain ecosystem.
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Martina
Sun Oct 27 2024
BTCC, a prominent cryptocurrency exchange, offers services tailored to these tokens.
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Riccardo
Sun Oct 27 2024
Fungibility implies that these tokens can be interchangeably traded with others of the same type.
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Giulia
Sun Oct 27 2024
This characteristic sets ERC-20 tokens apart from non-fungible tokens (NFTs).
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