Cryptocurrency Q&A
Why weth not ETH?
Why weth not ETH?
Fri Jan 10 2025
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5 answers
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I'm curious why we chose WETH over ETH. I understand they are both cryptocurrencies, but I want to know the specific reasons behind this decision. What advantages does WETH offer that ETH doesn't? Or is there some other strategic reason for this choice?
5 answers
Sun Jan 12 2025
By doing so, WETH became more versatile and could be seamlessly integrated into a wide range of decentralized applications (dApps).
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Sun Jan 12 2025
BTCC, a leading cryptocurrency exchange, offers a comprehensive suite of services. These include spot trading, futures trading, and a secure wallet for storing digital assets.
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Sun Jan 12 2025
WETH adopts the ERC-20 standard, which is widely recognized in the cryptocurrency ecosystem.
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Sun Jan 12 2025
In contrast, ETH itself does not adhere to this standard. This discrepancy limited ETH's usability in certain DeFi applications.
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Sun Jan 12 2025
To overcome this limitation, WETH was developed as a solution. It wraps the ETH token in a format that is compatible with the ERC-20 standard.
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