I’m fairly new to crypto and many are promoting the various ERC-20 tokens out there
My question are they all using the same tech and if they are the same just different companies what new innovations do they bring?
Surely in this case people are just buying into the business plan of the company behind it, I.e Beam or Render and how they use this same tech?
Tokens is just a utility token while the project itself is the that provides technology. You can consider the ERC20 tokens as fuel to the crypto projects that running it. ERC20 is just the standard token running on Blockchain but they do have different functions and use depending on the project that use it as utility.
This ERC20 tokens can be found on other blockchain like Binance(BEP20), Tron(TRC20) and many more they are all same token running on different blockchain.