Cryptocurrency Q&A
What is an example of ERC-20?
What is an example of ERC-20?
Elena
Mon Jan 06 2025
|
5 answers
1036
I am looking for an example of ERC-20. I want to understand how ERC-20 works in practice, so providing a specific instance would be really helpful.
5 answers
Sara
Tue Jan 07 2025
The fungibility of ERC-20 tokens allows them to be easily exchanged for other tokens of equivalent value and type. This interoperability makes ERC-20 tokens highly versatile and widely used in the cryptocurrency market.
Was this helpful?
338
45
Riccardo
Tue Jan 07 2025
ERC-20 tokens encompass a wide range of digital assets.
Was this helpful?
305
59
MysticChaser
Tue Jan 07 2025
They can include utility tokens, which serve a specific purpose within a blockchain ecosystem.
Was this helpful?
186
37
CryptoVanguard
Tue Jan 07 2025
Stablecoins, such as Tether, USDT, or USD Coin (USDC), are also ERC-20 tokens. These digital currencies are designed to maintain a stable value relative to a traditional currency.
Was this helpful?
164
98
Giuseppe
Tue Jan 07 2025
Security tokens, which represent ownership in a company or asset, can also be issued as ERC-20 tokens.
Was this helpful?
43
84
