Is Ethereum a coin?

What Is Ethereum? Ethereum is a platform powered by blockchain technology that is best known for its native cryptocurrency , called ether, or ETH, or simply ethereum. The distributed nature of blockchain technology is what makes the Ethereum platform secure, and that security enables ETH to accrue value.

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What is an ERC token?

Key Takeaways. An ERC20 token is a standard used for creating and issuing smart contracts on the Ethereum blockchain . Smart contracts can then be used to create smart property or tokenized assets that people can invest in. ERC stands for “Ethereum request for comment,” and the ERC20 standard was implemented in 2015.

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