Cryptocurrency Q&A
Are ETH and ERC20 the same?
Are ETH and ERC20 the same?
Leonardo
Fri Jan 03 2025
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6 answers
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I'm trying to understand the difference between ETH and ERC20. Are they the same thing, or are there distinct differences between them? I've heard they are both related to the Ethereum network, but I'm not sure how they differ or if they serve different purposes within the network.
6 answers
KatanaSword
Sun Jan 05 2025
It functions as an internal payment system within the Ethereum network.
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DigitalLegend
Sun Jan 05 2025
On the other hand, ERC-20 represents a technical standard.
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CryptoProphet
GangnamGlitzGlamourGloryDays
Sun Jan 05 2025
This standard facilitates the creation of smart contract-based tokens.
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Silvia
Sun Jan 05 2025
Ether (ETH) serves as the native cryptocurrency of the Ethereum blockchain.
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