What Is MyEtherWallet?

What Is MyEtherWallet?

ERC-20, MyEtherWallet
What is MyEtherwallet? MyEtherWallet (MEW) is a web-based tool for creating wallets. MEW is not like a regular online web wallet. It's a client-side interface that accesses the ethereum blockchain. You store your information on your own computer or drive, not on MEW. This eliminates many of the security issues of an online wallet. As long as you keep several offline backups in different locations. You can only use it to interact with ethereum and ethereum based ERC-20 tokens/altcoins.   ERC-20 ERC-20 tokens exist on the ethereum blockchain and conform to a set of rules. These rules program the ethereum ecosystem functionality into the coin. That sounds complicated, but for the average user, all you need to know is that you can use MEW with many altcoins. You don't need…
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