What is an ETH address (ERC20)?
An ETH ERC20 address refers to an address on the Ethereum network that is used to receive, store and send ERC20 tokens. ERC20 tokens are a standard type of token that are created on the Ethereum network and used in decentralized applications (dApps) and smart contracts.
Each ETH ERC20 address is unique and is associated with an Ethereum wallet. When ERC20 tokens are sent to an ETH ERC20 address, they are stored in the wallet corresponding to that address and can be viewed and managed through an Ethereum block explorer or Ethereum wallet interface.
It is important to note that ERC20 ETH addresses are different from standard ETH addresses. Standard ETH addresses are used to send and receive Ether (Ethereum’s native cryptocurrency), while ETH ERC20 addresses are specifically used to send and receive ERC20 tokens on the Ethereum network.