Ethereum Token (ETH) ERC20 Token in Binance Smart Chain Mainnet. Token is implemented as ERC20 smart contract with address 0x2170ed0880ac9a755fd29b2688956bd959f933f8 .
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But not all smart contracts are tokens , according to Martha Bennett, a principal analyst at Forrester Research. “You can have smart contracts running on Ethereum that trigger an action based on a condition without an ERC-20 or ERC-721 token involved,” she said.
Read moreAre ERC20 tokens smart contracts?
Just like other Ethereum tokens, ERC20 tokens are implemented as smart contracts and executed on the Ethereum Virtual Machine (EVM) in a decentralized manner.
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