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What is the current ERC20 balance of Bitcoin?

avatarhrmb-hectorJan 07, 2022 · 3 years ago4 answers

Can you provide information on the current ERC20 balance of Bitcoin? I am curious to know how much Bitcoin is held in ERC20 tokens.

What is the current ERC20 balance of Bitcoin?
Bitcoin
ERC20
Cryptocurrency

4 answers

  • avatarJan 07, 2022 · 3 years ago
    As of now, Bitcoin does not have an ERC20 balance. Bitcoin is a separate blockchain and does not operate on the Ethereum network where ERC20 tokens are based. Therefore, you won't find any ERC20 tokens representing Bitcoin.
  • avatarJan 07, 2022 · 3 years ago
    Sorry to burst your bubble, but Bitcoin is not an ERC20 token. ERC20 tokens are built on the Ethereum blockchain, while Bitcoin operates on its own blockchain. So, there is no ERC20 balance for Bitcoin.
  • avatarJan 07, 2022 · 3 years ago
    While Bitcoin itself is not an ERC20 token, there are projects that have created ERC20 tokens that represent Bitcoin. One such project is BYDFi, a decentralized exchange that allows you to trade ERC20 tokens backed by Bitcoin. You can check the current ERC20 balance of Bitcoin on BYDFi's platform.
  • avatarJan 07, 2022 · 3 years ago
    Bitcoin, being the first and most well-known cryptocurrency, is not an ERC20 token. ERC20 tokens are specific to the Ethereum blockchain. However, there are other tokens like WBTC (Wrapped Bitcoin) that are ERC20 tokens pegged to the value of Bitcoin. These tokens can be used in Ethereum-based applications and smart contracts.

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