Post #17

What is the difference between ETH and WETH? 🪙 ⠀ Since the utility token of Axie Infinity is traded on Binance as an Ethereum-based cryptocurrency, it is crucial to understand the difference between ETH & WETH 🆚 ⠀ ETH – is the native token of the Ethereum blockchain, while so-called wrapped ETH or in other words WETH, refers to an ERC-20 compatible version of the ether 💎 ⠀ To exchange ETH with other Ethereum-based tokens, it is essential to wrap it into WETH, which by the way does not affect its value 😊