Cryptocurrency Q&A
What is the difference between ETH and ERC-20 mainnet?
What is the difference between ETH and ERC-20 mainnet?
Chiara
Thu Dec 26 2024
|
5 answers
965
I would like to understand the difference between ETH, which is the native cryptocurrency of the Ethereum network, and ERC-20 tokens which are issued on the Ethereum mainnet. Specifically, how do they differ in terms of their function, usage, and relationship within the Ethereum ecosystem?
5 answers
SumoPower
Sat Dec 28 2024
This standard ensures compatibility and interoperability among different Ethereum-based tokens.
Was this helpful?
60
63
PhoenixRising
Sat Dec 28 2024
Developers can create ERC-20 tokens to represent various assets, be they real-world or virtual.
Was this helpful?
363
86
SakuraTide
Sat Dec 28 2024
These tokens can then be traded, transferred, or used within Ethereum-based decentralized applications.
Was this helpful?
375
72
SsamziegangSerenade
Sat Dec 28 2024
ETH serves as a medium for compensating computations and network resources within the Ethereum blockchain ecosystem.
Was this helpful?
49
87
Carlo
Sat Dec 28 2024
ERC-20 tokens, on the other hand, represent a technical standard for tokens issued on the Ethereum blockchain.
Was this helpful?
118
37
