Is the Ethereum network ERC-20?

Smart contracts developed according to the ERC20 standard are interoperable, meaning they can interact with other ERC20-compliant tokens. This uniformity facilitates seamless transactions and enhances the overall functionality of tokens within the Ethereum network.

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The question arises whether ERC20 is synonymous with Ethereum. To clarify, it's essential to understand the fundamental differences between the two concepts.

Ethereum serves as a blockchain network with a broad range of functionalities. It acts as a platform that hosts smart contracts, enabling developers to create decentralized applications. Additionally, Ethereum supports various cryptocurrencies and other blockchain-based projects.

On the other hand, ERC20 is a technical standard used within the Ethereum ecosystem. This standard provides a set of rules and guidelines for creating smart contracts on the Ethereum blockchain.