Defi Development Tutorials, Guides & Insights
Unlock 2+ expert-curated defi tutorials, real-world code snippets, and modern dev strategies. From fundamentals to advanced topics, boost your defi skills on DeveloperBreeze.
Adblocker Detected
It looks like you're using an adblocker. Our website relies on ads to keep running. Please consider disabling your adblocker to support us and access the content.
ETH vs WETH: Understanding the Difference and Their Roles in Ethereum
Ethereum predates the ERC-20 token standard, which was introduced to standardize token creation on the blockchain. Since ETH doesn't conform to this standard, it cannot be directly used in many decentralized applications that rely on ERC-20 tokens. WETH solves this problem by allowing ETH holders to wrap their ETH into an ERC-20 compatible token that can be used across a wide range of DeFi protocols and dApps.
WETH essentially bridges the gap between ETH and the broader ERC-20 ecosystem, allowing ETH to function seamlessly in DeFi, token swaps, and other smart contract interactions.
Tracking Newly Created Tokens on Ethereum
Prerequisites
- Node.js and npm installed on your system.
- Basic knowledge of JavaScript and Ethereum.
- An Etherscan API key (you can obtain one by signing up on Etherscan).