How does WETH differ from ETH in the world of cryptocurrency?

1 answers

• Nov 23, 2021 · 3 years ago
  WETH and ETH are two different representations of the same thing - Ether. WETH is a tokenized version of ETH that conforms to the ERC-20 standard, while ETH is the original cryptocurrency of the Ethereum network. The main advantage of using WETH is that it allows for seamless integration with other ERC-20 tokens and DApps. For example, if you want to trade ETH for another ERC-20 token on a decentralized exchange, you would need to convert your ETH to WETH first. This conversion process is known as wrapping. So, in summary, WETH and ETH are like two different flavors of the same ice cream - they both taste great, but one comes in a cone and the other comes in a cup.
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