Does the ethereum ecosystem exist out of one or multiple blockchains?
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
New contributor
add a comment |
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
New contributor
add a comment |
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
New contributor
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
New contributor
New contributor
edited yesterday
Rosco Kalis
708319
708319
New contributor
asked yesterday
The_Holy_OneThe_Holy_One
206
206
New contributor
New contributor
add a comment |
add a comment |
1 Answer
1
active
oldest
votes
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).
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
add a comment |
Your Answer
StackExchange.ready(function() {
var channelOptions = {
tags: "".split(" "),
id: "642"
};
initTagRenderer("".split(" "), "".split(" "), channelOptions);
StackExchange.using("externalEditor", function() {
// Have to fire editor after snippets, if snippets enabled
if (StackExchange.settings.snippets.snippetsEnabled) {
StackExchange.using("snippets", function() {
createEditor();
});
}
else {
createEditor();
}
});
function createEditor() {
StackExchange.prepareEditor({
heartbeatType: 'answer',
autoActivateHeartbeat: false,
convertImagesToLinks: false,
noModals: true,
showLowRepImageUploadWarning: true,
reputationToPostImages: null,
bindNavPrevention: true,
postfix: "",
imageUploader: {
brandingHtml: "Powered by u003ca class="icon-imgur-white" href="https://imgur.com/"u003eu003c/au003e",
contentPolicyHtml: "User contributions licensed under u003ca href="https://creativecommons.org/licenses/by-sa/3.0/"u003ecc by-sa 3.0 with attribution requiredu003c/au003e u003ca href="https://stackoverflow.com/legal/content-policy"u003e(content policy)u003c/au003e",
allowUrls: true
},
onDemand: true,
discardSelector: ".discard-answer"
,immediatelyShowMarkdownHelp:true
});
}
});
The_Holy_One is a new contributor. Be nice, and check out our Code of Conduct.
Sign up or log in
StackExchange.ready(function () {
StackExchange.helpers.onClickDraftSave('#login-link');
});
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
StackExchange.ready(
function () {
StackExchange.openid.initPostLogin('.new-post-login', 'https%3a%2f%2fethereum.stackexchange.com%2fquestions%2f65201%2fdoes-the-ethereum-ecosystem-exist-out-of-one-or-multiple-blockchains%23new-answer', 'question_page');
}
);
Post as a guest
Required, but never shown
1 Answer
1
active
oldest
votes
1 Answer
1
active
oldest
votes
active
oldest
votes
active
oldest
votes
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).
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
add a comment |
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).
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
add a comment |
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).
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).
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
add a comment |
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
add a comment |
The_Holy_One is a new contributor. Be nice, and check out our Code of Conduct.
The_Holy_One is a new contributor. Be nice, and check out our Code of Conduct.
The_Holy_One is a new contributor. Be nice, and check out our Code of Conduct.
The_Holy_One is a new contributor. Be nice, and check out our Code of Conduct.
Thanks for contributing an answer to Ethereum Stack Exchange!
- Please be sure to answer the question. Provide details and share your research!
But avoid …
- Asking for help, clarification, or responding to other answers.
- Making statements based on opinion; back them up with references or personal experience.
To learn more, see our tips on writing great answers.
Some of your past answers have not been well-received, and you're in danger of being blocked from answering.
Please pay close attention to the following guidance:
- Please be sure to answer the question. Provide details and share your research!
But avoid …
- Asking for help, clarification, or responding to other answers.
- Making statements based on opinion; back them up with references or personal experience.
To learn more, see our tips on writing great answers.
Sign up or log in
StackExchange.ready(function () {
StackExchange.helpers.onClickDraftSave('#login-link');
});
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
StackExchange.ready(
function () {
StackExchange.openid.initPostLogin('.new-post-login', 'https%3a%2f%2fethereum.stackexchange.com%2fquestions%2f65201%2fdoes-the-ethereum-ecosystem-exist-out-of-one-or-multiple-blockchains%23new-answer', 'question_page');
}
);
Post as a guest
Required, but never shown
Sign up or log in
StackExchange.ready(function () {
StackExchange.helpers.onClickDraftSave('#login-link');
});
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
Sign up or log in
StackExchange.ready(function () {
StackExchange.helpers.onClickDraftSave('#login-link');
});
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
Sign up or log in
StackExchange.ready(function () {
StackExchange.helpers.onClickDraftSave('#login-link');
});
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown