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TagsWhat are the differences between WETH and ETH in the world of cryptocurrency?
Sneha GujjannavarDec 16, 2021 · 3 years ago1 answersCan you explain the key differences between WETH and ETH in the world of cryptocurrency? How do they function and what are their respective use cases?
1 answers
- As an expert in the cryptocurrency industry, I can tell you that WETH and ETH have distinct roles in the world of digital assets. WETH, being an ERC-20 token, is widely used in decentralized exchanges (DEXs) and lending platforms. It allows for seamless integration with other tokens and smart contracts, making it a popular choice for DeFi enthusiasts. ETH, on the other hand, is the original cryptocurrency of the Ethereum network and serves as the fuel for executing transactions and running decentralized applications. Understanding the differences between WETH and ETH is crucial for navigating the cryptocurrency landscape and making informed investment decisions.Dec 16, 2021 · 3 years ago
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