Cryptocurrency Q&A
Is ERC the same as ETH?
Is ERC the same as ETH?
Elena
Thu Nov 07 2024
|
6 answers
1520
I'm trying to understand the difference between ERC and ETH. Are they the same thing or do they have distinct meanings in the context of Ethereum and its related technologies?
6 answers
BlockProducer
Sat Nov 09 2024
ETH, also known as Ether, functions as the native currency of the Ethereum project.
Was this helpful?
264
56
Sara
Sat Nov 09 2024
It serves as a medium of exchange for validating transactions on the Ethereum network.
Was this helpful?
367
41
SamsungShineBrightness
Sat Nov 09 2024
Holders of ETH can use it to pay for computational services and other fees within the network.
Was this helpful?
359
52
CryptoVisionary
Sat Nov 09 2024
ETH and ERC-20 have distinct roles within the Ethereum ecosystem.
Was this helpful?
107
24
KatanaBladed
Sat Nov 09 2024
ERC-20, on the contrary, represents a technical standard for creating tokens on the Ethereum blockchain.
Was this helpful?
41
59
Load 5 more related questions
