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Topic: ERC-20 wallet and Bitcoin Address - page 2. (Read 193 times)

member
Activity: 140
Merit: 10
CRYPTASSIST.io
June 01, 2018, 03:35:42 PM
#8
Hello everyone, Whats the difference between Bitcoin Address and ERC-20 Wallet address ?
  On the wallet you can only keep bitcoin and coins compatible with it, and you will never be able to send other coins there. And on the wallet of ERC-20 you will be able to store all the altcoins that work on this platform.
full member
Activity: 266
Merit: 101
The revolutionary AI gaming ecosystem
June 01, 2018, 02:59:23 PM
#7
Bitcoin addresses begin with a 1 or 3 depending if you use SegWit yet or not. And Ethereum addresses begin with a standard 0x. The difference is that they function on a completely different blockchain, in which right now Ethereum is much more capable and faster.
full member
Activity: 322
Merit: 179
June 01, 2018, 02:49:48 PM
#6
In layman terms, Bitcoin and ERC20 tokens are built in different blockchains. Hence the addresses are different since it is the result of a mathematical operation. You can’t send Bitcoin to ERC20 address.
sr. member
Activity: 2310
Merit: 332
June 01, 2018, 02:47:53 PM
#5
Bitcoin wallet is solely for bitcoin and no other coin and ERC wallet is usually for altcoins and especially for new or ico coins. Erc has capacity to accommodate variety of coins, what usually happens is that you imput the contract address, decimal and token name in the space provided for it to see the coin on the erc.
jr. member
Activity: 560
Merit: 3
June 01, 2018, 02:41:44 PM
#4
hello, these two adress for different are intended, the first for bitcoin purse, the second for the ether, depending on what kind of crypto currency you need, use this address
newbie
Activity: 51
Merit: 0
June 01, 2018, 02:34:01 PM
#3
Its very simple Bitcoin address is for bitcoin. You can not store and hold altcoins here. ERC-20 wallet is for ethereum and other ERC-20 based cryptocurrencies. As ethereum's blockchain differs from Bitcoin it need to be stored in its own address.
jr. member
Activity: 504
Merit: 3
June 01, 2018, 02:23:39 PM
#2
Bitcoin address is an address with which you hold your bitcoins and it is native to a bitcoin blockchain. Ethereum, on the other hand, has it's own blockchain and set of rules and hence it's own address. But it is not only for Ethereum, it is also for ERC20 compliant tokens which make a majority of cryptos out there. While on bitcoin blockchain you can only store bitcoins.
newbie
Activity: 70
Merit: 0
June 01, 2018, 12:37:32 PM
#1
Hello everyone, Whats the difference between Bitcoin Address and ERC-20 Wallet address ?
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