Post
Topic
Board Beginners & Help
Re: Cryptocurrencies and their standards and networks
by
examplens
on 19/10/2021, 18:56:25 UTC
Where exactly is the network and standard mentioned on coinmarketcap.com? I'm sorry for being stupid, but I can't find the details.
https://coinmarketcap.com/currencies/bitcoin/

Why does this page give Fantom (FTM) four different addresses and networks? (Click the three dots on the right.)
https://www.coingecko.com/en/coins/fantom


you first need to distinguish coins from tokens. Coins especially Bitcoin they have their own network, blockchain. so don't even look at him for it.

Check here, when you follow this fantom:



When you click on three dots in contract info, you get a complete list of which networks you can use to transfer that coin. Each network has a separate address for it so that the transaction is not lost between different types of networks.
It's not possible to send fantom or any other token through the Ethereum network (as ERC20) to Binance smart chain (BEP-20). I mean, you can send it, but they will not reach where you sent them.
there are no differences in the token itself, but only the difference in the network you use for transactions. it is very important that you understand this and always be careful when sending/receiving.