Why can a single wallet hold tens of thousands of different tokens?
The benefit of standardized interfaces is composability: wallets, exchanges, and DeFi protocols all interact with tokens using the same interface, so new tokens can be supported as soon as they launch.
The decimals parameter in ERC-20 specifies how many decimal places a token can be divided into. Many tokens use 18 decimal places, while some use only 6.
The first page of my trading notes says: Understand it before you act.
Don't rush into buying just because everyone around you is.
$ETH 2326.34(+3.29%)
#ETH
The benefit of standardized interfaces is composability: wallets, exchanges, and DeFi protocols all interact with tokens using the same interface, so new tokens can be supported as soon as they launch.
The decimals parameter in ERC-20 specifies how many decimal places a token can be divided into. Many tokens use 18 decimal places, while some use only 6.
The first page of my trading notes says: Understand it before you act.
Don't rush into buying just because everyone around you is.
$ETH 2326.34(+3.29%)
#ETH
