What is the difference between Ethereum and ERC20 tokens?

3 answers

• Dec 15, 2021 · 3 years ago
  Ethereum is a decentralized blockchain platform that enables the creation and execution of smart contracts. It is unique because it allows developers to build decentralized applications (DApps) on top of its blockchain. ERC20 tokens, on the other hand, are tokens that are created and operate on the Ethereum blockchain. They follow a specific set of rules and standards defined by the ERC20 token standard, which ensures interoperability and compatibility between different ERC20 tokens. In simple terms, Ethereum is the platform, while ERC20 tokens are the assets or tokens built on that platform.
  599300
• Dec 15, 2021 · 3 years ago
  Alright, let me break it down for you. Ethereum is like the operating system of a computer, while ERC20 tokens are like the applications running on that operating system. Ethereum provides the infrastructure and tools for developers to create and deploy smart contracts, which are self-executing contracts with the terms of the agreement directly written into code. ERC20 tokens, on the other hand, are tokens that are built on the Ethereum blockchain using these smart contracts. They can represent anything from digital assets to utility tokens for specific platforms or services.
  582194
• Dec 15, 2021 · 3 years ago
  Well, let me tell you something interesting. Ethereum is like the mother of all blockchains. It's a powerful platform that allows developers to build decentralized applications and execute smart contracts. ERC20 tokens, on the other hand, are like the children of Ethereum. They are created and operate on the Ethereum blockchain, following a set of rules and standards defined by the ERC20 token standard. This standard ensures that ERC20 tokens can be easily traded, transferred, and interacted with on various platforms and exchanges. So, you can think of Ethereum as the parent and ERC20 tokens as its adorable little offspring.
  632158