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Question 79 - CBSA discussion

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The difference between Ethereum tokens and a standalone currency like Litecoin is that ___________tokens piggyback on the Ethereum network, hosted by Ethereum addresses and sent using Ethereum transactions.

A.
ERC
Answers
A.
ERC
B.
ERC20
Answers
B.
ERC20
C.
Ether
Answers
C.
Ether
D.
BIP
Answers
D.
BIP
Suggested answer: B

Explanation:

The difference between these tokens and a standalone currency like Litecoin is that ERC20 tokens piggyback on the Ethereum network, hosted by Ethereum addresses and sent using Ethereum transactions.

Reference: https://support.exodus.io/article/108-what-is-an-erc20-token-and-does-exodus-support-it

asked 16/09/2024
bryan calderon
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