Introduction to
Tokens
“Matic” is used to describe the main network for Polygon.
The test network for Polygon is called “Mumbai”.
Ether or ETH is the native currency built on the Ethereum blockchain.
Alt Tokens: When a dApp (decentralized app or program) is built off of the Ethereum Blockchain it usually implements its own form of Token.
ERC-20 Standard: ERC-20 is a standard developed after the release of ETH that defines how tokens are transferred and how to keep a consistent record of those transfers among tokens in the Ethereum Network.
WETH (Wrapped ETH) is a currency that allows users to make pre-authorized bids that can be fulfilled at a later date without any further action from the bidder. WETH is used to buy and sell with auctions on OpenSea. ETH and WETH are worth exactly the same amount and can be exchanged directly on your OpenSea profile or through the UMBRIA NARNI BRIDGE.
In a nutshell, there is no difference between ETH and WETH because the latter is simply a “wrapped” version of the former.
