Does the ethereum ecosystem exist out of one or multiple blockchains?












1














Most of my knowledge is based on BTC which doesn't have the concept of (ERC-20) 'Tokens' so I have a question related to that:




  • Does the Ethereum 'ecosystem' with its hundreds or even thousands of tokens have one big Blockchain? Or does every token have its own Blockchain?






blockchain







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The_Holy_One is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
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    1














    Most of my knowledge is based on BTC which doesn't have the concept of (ERC-20) 'Tokens' so I have a question related to that:




    • Does the Ethereum 'ecosystem' with its hundreds or even thousands of tokens have one big Blockchain? Or does every token have its own Blockchain?






    blockchain







    share|improve this question









    New contributor




    The_Holy_One is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
    Check out our Code of Conduct.























      1












      1








      1







      Most of my knowledge is based on BTC which doesn't have the concept of (ERC-20) 'Tokens' so I have a question related to that:




      • Does the Ethereum 'ecosystem' with its hundreds or even thousands of tokens have one big Blockchain? Or does every token have its own Blockchain?






      blockchain







      share|improve this question









      New contributor




      The_Holy_One is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
      Check out our Code of Conduct.











      Most of my knowledge is based on BTC which doesn't have the concept of (ERC-20) 'Tokens' so I have a question related to that:




      • Does the Ethereum 'ecosystem' with its hundreds or even thousands of tokens have one big Blockchain? Or does every token have its own Blockchain?






      blockchain




      blockchain






      share|improve this question









      New contributor




      The_Holy_One is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
      Check out our Code of Conduct.











      share|improve this question









      New contributor




      The_Holy_One is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
      Check out our Code of Conduct.









      share|improve this question




      share|improve this question








      edited yesterday









      Rosco Kalis

      708319




      708319






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      asked yesterday









      The_Holy_OneThe_Holy_One

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          1 Answer
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          All the Ethereum tokens exist as smart contracts on the Ethereum blockchain. These smart contracts can be interacted with in order to transfer tokens between users. This is all part of the main Ethereum functionality, so all these tokens operate on the Ethereum blockchain.



          You can take a look at how this works by looking at the specification for ERC20 tokens for instance (https://theethereum.wiki/w/index.php/ERC20_Token_Standard).






          share|improve this answer





















          • Just to clarify it for me, this implies also that all erc-20 token using the same 'hash' algorithm of the ethereum blockchain because there is only one blockchain?
            – The_Holy_One
            yesterday








          • 1




            All token transactions are technically just Ethereum transactions, so they're all added to the same blocks as other Ethereum transactions. So they also use the same hash algorithm.
            – Rosco Kalis
            yesterday











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          1 Answer
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          active

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          2














          All the Ethereum tokens exist as smart contracts on the Ethereum blockchain. These smart contracts can be interacted with in order to transfer tokens between users. This is all part of the main Ethereum functionality, so all these tokens operate on the Ethereum blockchain.



          You can take a look at how this works by looking at the specification for ERC20 tokens for instance (https://theethereum.wiki/w/index.php/ERC20_Token_Standard).






          share|improve this answer





















          • Just to clarify it for me, this implies also that all erc-20 token using the same 'hash' algorithm of the ethereum blockchain because there is only one blockchain?
            – The_Holy_One
            yesterday








          • 1




            All token transactions are technically just Ethereum transactions, so they're all added to the same blocks as other Ethereum transactions. So they also use the same hash algorithm.
            – Rosco Kalis
            yesterday
















          2














          All the Ethereum tokens exist as smart contracts on the Ethereum blockchain. These smart contracts can be interacted with in order to transfer tokens between users. This is all part of the main Ethereum functionality, so all these tokens operate on the Ethereum blockchain.



          You can take a look at how this works by looking at the specification for ERC20 tokens for instance (https://theethereum.wiki/w/index.php/ERC20_Token_Standard).






          share|improve this answer





















          • Just to clarify it for me, this implies also that all erc-20 token using the same 'hash' algorithm of the ethereum blockchain because there is only one blockchain?
            – The_Holy_One
            yesterday








          • 1




            All token transactions are technically just Ethereum transactions, so they're all added to the same blocks as other Ethereum transactions. So they also use the same hash algorithm.
            – Rosco Kalis
            yesterday














          2












          2








          2






          All the Ethereum tokens exist as smart contracts on the Ethereum blockchain. These smart contracts can be interacted with in order to transfer tokens between users. This is all part of the main Ethereum functionality, so all these tokens operate on the Ethereum blockchain.



          You can take a look at how this works by looking at the specification for ERC20 tokens for instance (https://theethereum.wiki/w/index.php/ERC20_Token_Standard).






          share|improve this answer












          All the Ethereum tokens exist as smart contracts on the Ethereum blockchain. These smart contracts can be interacted with in order to transfer tokens between users. This is all part of the main Ethereum functionality, so all these tokens operate on the Ethereum blockchain.



          You can take a look at how this works by looking at the specification for ERC20 tokens for instance (https://theethereum.wiki/w/index.php/ERC20_Token_Standard).







          share|improve this answer












          share|improve this answer



          share|improve this answer










          answered yesterday









          Rosco KalisRosco Kalis

          708319




          708319












          • Just to clarify it for me, this implies also that all erc-20 token using the same 'hash' algorithm of the ethereum blockchain because there is only one blockchain?
            – The_Holy_One
            yesterday








          • 1




            All token transactions are technically just Ethereum transactions, so they're all added to the same blocks as other Ethereum transactions. So they also use the same hash algorithm.
            – Rosco Kalis
            yesterday


















          • Just to clarify it for me, this implies also that all erc-20 token using the same 'hash' algorithm of the ethereum blockchain because there is only one blockchain?
            – The_Holy_One
            yesterday








          • 1




            All token transactions are technically just Ethereum transactions, so they're all added to the same blocks as other Ethereum transactions. So they also use the same hash algorithm.
            – Rosco Kalis
            yesterday
















          Just to clarify it for me, this implies also that all erc-20 token using the same 'hash' algorithm of the ethereum blockchain because there is only one blockchain?
          – The_Holy_One
          yesterday






          Just to clarify it for me, this implies also that all erc-20 token using the same 'hash' algorithm of the ethereum blockchain because there is only one blockchain?
          – The_Holy_One
          yesterday






          1




          1




          All token transactions are technically just Ethereum transactions, so they're all added to the same blocks as other Ethereum transactions. So they also use the same hash algorithm.
          – Rosco Kalis
          yesterday




          All token transactions are technically just Ethereum transactions, so they're all added to the same blocks as other Ethereum transactions. So they also use the same hash algorithm.
          – Rosco Kalis
          yesterday










          The_Holy_One is a new contributor. Be nice, and check out our Code of Conduct.










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