Questions tagged [erc-20]

Lorenzo Fri Jul 26 2024 | 5 answers 926

I'm curious to know, is DAG an ERC-20 token? From my understanding, ERC-20 is a widely used technical standard for smart contracts on the Ethereum blockchain that allows for the creation of fungible tokens. Given that DAG is often discussed in the context of cryptocurrencies and blockchain technology, I'm wondering if it adheres to the ERC-20 standard. Could you provide some clarification on this matter?

Filippo Fri Jul 26 2024 | 5 answers 1523

Could you please elaborate on which types of wallets currently support ERC-20 tokens? Are there specific software or hardware wallets that are known to be compatible with this Ethereum-based standard? Are there any popular options that are recommended for storing ERC-20 tokens securely? Additionally, is there a process or criteria that wallet developers follow to ensure compatibility with ERC-20 standards? Understanding these details would be very helpful in selecting the most suitable wallet for managing my ERC-20 tokens.

Valentina Fri Jul 26 2024 | 6 answers 879

Excuse me, could you possibly clarify for me if there's a direct method to convert ERC-20 tokens to Bitcoin? I understand that ERC-20 tokens are built on the Ethereum blockchain, whereas Bitcoin operates on its own blockchain. So, does this mean that there's a process involved in transferring or exchanging these assets, perhaps through a cryptocurrency exchange or a decentralized platform? I'm curious to know if there are any specific steps or considerations I should be aware of when attempting such a conversion.

AltcoinExplorer Fri Jul 26 2024 | 6 answers 1259

Excuse me, could you please clarify something for me? I've heard the term "ERC-20" being used frequently in the context of cryptocurrency, but I'm a bit confused about its relationship with wallet addresses. Is ERC-20 itself a wallet address, or is it a standard that applies to certain types of tokens that can be stored in wallet addresses? I'd appreciate any insight you could provide to help me better understand this concept.

Luca Fri Jul 26 2024 | 7 answers 1591

Could you please clarify whether USDT, the popular stablecoin, is indeed an ERC-20 token? ERC-20 is a widely-used technical standard for smart contracts on the Ethereum blockchain that allows for the implementation of fungible tokens with a set of rules and interfaces. It would be interesting to know if USDT, known for its pegged value to the US dollar, adheres to this standard. If so, it would mean that USDT enjoys the benefits of interoperability, transparency, and ease of use that come with ERC-20 tokens.