Did I just lose half a million dollars?

Re:Did I just lose half a million dollars? by kybernetikos on Sunday January 30, 2022 @04:57AM (#30135472)

After a while a standard api was invented for tokens that use smart contacts on ethereum. ETH predates these standards and is built in to the operation of the blockchain. Lots of smart contacts know how to deal with standard tokens but don't have a separate code path to deal with ETH. You can get a version of ETH that fits the interface by wrapping it in a standard token.

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Re:Did I just lose half a million dollars? by zaroth on Sunday January 30, 2022 @07:09AM (#30136398)

I think calling them tokens and giving them acronyms like they’re a currency of some sort leads to a lot of the confusion.

I mean, Java class naming wouldn’t be any better but “WETH” is just extending a base class with an interface.

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Re:Did I just lose half a million dollars? by CRConrad on Tuesday February 01, 2022 @06:42PM (#30171415)

It obviously stands for What Ever The He...ck.

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