Is a token just a smart contract?

A token contract is simply an Ethereum smart contract . “Sending tokens” actually means “calling a method on a smart contract that someone wrote and deployed”. At the end of the day, a token contract is not much more a mapping of addresses to balances, plus some methods to add and subtract from those balances.

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What is ERC20 Ethereum address?

Typically, the ERC20 wallet address is an Ethereum address. More so, all Ethereum addresses are compatible with storing ERC20. Also, all Ethereum wallets are actually connected to the Ethereum blockchain. Therefore, the ERC20 address will mean an address in the Ethereum platform .

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