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Author Topic: **** Official Ethereum QA thread ****  (Read 34474 times)
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bitcoinerik
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November 09, 2017, 11:56:26 AM
 #261

I have created an unofficial Raiden Network group on Telegram: https://t.me/joinchat/D4nnnk-cJZkakNXkU70vlw
Feel free to join and to share the invitation link!
ethergeek
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December 11, 2017, 10:24:10 AM
 #262

Here's what I don't understand - relation between Ethereum (ETH) and ERC20?:
- ETH is a cryptocurrency listed on exchanges like this: https://coinmarketcap.com/currencies/ethereum/
- and I thought ERC20 is a token standard based on ETH, but it is also listed? https://coinmarketcap.com/currencies/erc20/

Why are they different? And why ERC20 is gaining 400% while ETH goes up by only 5%?

I would appreciate any explanation. Thanks!
cryptogirls85
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December 11, 2017, 10:32:18 AM
 #263

Isn`t ERC20 just another token like all the rest? They conveniently based their name as the platform used to create these tokes?
From what I have read so far (warning : it will be my view not an exact explanation) ERC20 is a system used to create Tokens based on the Ethereum blockchain.
I hope my understanding of this complex system is at least a bit right  Grin

ethergeek
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December 11, 2017, 03:00:16 PM
 #264

Isn`t ERC20 just another token like all the rest? They conveniently based their name as the platform used to create these tokes?
From what I have read so far (warning : it will be my view not an exact explanation) ERC20 is a system used to create Tokens based on the Ethereum blockchain.
I hope my understanding of this complex system is at least a bit right  Grin

That's what my understanding here is as well Smiley Which makes it even more strange to see these exchange rates and ERC20 as a Token in it's own right Smiley
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