Networks and tokens

EVM

Also called: Ethereum Virtual Machine, EVM-compatible network

The execution environment of Ethereum, also used by BNB Chain, Polygon, Base, Lisk and many others, so they share address formats, token standards and tooling.

The Ethereum Virtual Machine runs Ethereum's smart contracts. Many other networks adopted it, so code, wallets and tools built for Ethereum work on them too. Together they're called EVM networks.

What EVM networks share:

  • Addresses: the same 0x… format, and a private key gives the same address on all of them.
  • Tokens: the ERC-20 standard, called BEP-20 on BNB Chain.
  • Fees: paid as gas in each network's own native coin.
  • Ordering: each account's transactions are numbered with a nonce.

What they don't share: the coins themselves. USDC on Base and USDC on Ethereum are separate tokens on separate networks, with different contracts.

On Valtu

Each wallet has one EVM address, the same on every EVM network Valtu supports: Ethereum, BNB Chain, Polygon, Base and Lisk. Each deposit is tagged with the network and coin it arrived on. Networks Valtu doesn't support aren't watched, so list the supported ones clearly for customers.

Related terms

Keep reading.

ERC-20The standard interface for fungible tokens on Ethereum and other EVM networks; USDT, USDC, DAI and LINK on Ethereum are ERC-20 tokens. Layer 2A network that processes transactions separately and posts their data to Ethereum, giving much lower fees while relying on Ethereum for security. GasThe unit of work on Ethereum and other EVM networks; a transaction's fee is the gas it uses times the price per unit, paid in the network's native coin. NonceOn EVM networks, a counter on each account that numbers its transactions in order; a transaction can't confirm until every lower number has.

More in networks and tokens: Confirmations · Finality · Chain reorganization · Mempool · Block explorer · Testnet · Smart contract · Contract address · Token decimals · TRC-20 · BEP-20 · Stablecoin · USDT · USDC · Wrapped token. The whole glossary.

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