Cryptocurrency Q&A
What is an example of an ERC20 token?
What is an example of an ERC20 token?
Valentino
Sat Nov 09 2024
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7 answers
1802
An ERC20 token is a type of token based on the Ethereum blockchain, which follows a set of standard rules. An example of an ERC20 token could be a cryptocurrency like EOS, which has a specific total supply and allows for transactions such as transferring tokens between addresses. These tokens are compatible with Ethereum wallets and can be used in various decentralized applications.
7 answers
HanbokGlamourQueenEleganceBloom
Mon Nov 11 2024
USDT holds a special place in the cryptocurrency ecosystem due to its wide acceptance.
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ShadowFox
Mon Nov 11 2024
The concept of ERC-20 tokens representing US dollars serves as an illustrative example.
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mia_harrison_painter
Mon Nov 11 2024
Among the most utilized and broadly circulated ERC-20 tokens is Tether (USDT).
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Elena
Sun Nov 10 2024
BTCC, a leading cryptocurrency exchange, offers a range of services that cater to the needs of crypto enthusiasts.
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Claudio
Sun Nov 10 2024
Holders of Tether tokens possess a unique claim on US dollars.
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