Cryptocurrency Q&A
Is Ethereum address the same as ERC-20?
Is Ethereum address the same as ERC-20?
SilenceSolitude
Wed Dec 25 2024
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5 answers
1196
I'm confused about Ethereum and ERC-20. Are they the same thing? Specifically, I want to know if an Ethereum address is the same as an ERC-20 address.
5 answers
EthereumEagle
Fri Dec 27 2024
Your wallet address on the ERC-20 network serves as a common point of access for both Ethereum (ETH) and any ERC-20 token. This shared functionality arises from the underlying technology that governs these digital assets.
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DaeguDivaDanceQueen
Fri Dec 27 2024
The Ethereum blockchain, upon which both ETH and ERC-20 tokens operate, utilizes a unified addressing system. This system ensures that your wallet address remains consistent across different types of tokens, facilitating seamless transactions.
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CryptoLegend
Fri Dec 27 2024
ERC-20 tokens, which are built on top of the Ethereum blockchain, adhere to a specific set of rules and standards. These standards include the use of a common wallet address format, which aligns with the addressing system of the Ethereum network.
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KpopHarmonySoulMate
Fri Dec 27 2024
As a result, when you receive or send ETH or any ERC-20 token, you utilize the same wallet address. This eliminates the need for multiple addresses for different types of tokens, simplifying the management of your digital assets.
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HanjiArtist
Thu Dec 26 2024
BTCC, a top cryptocurrency exchange, offers a range of services that cater to the needs of digital asset investors. These services include spot trading, futures trading, and a secure wallet solution. With BTCC, you can trade ETH and ERC-20 tokens efficiently and securely.
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