What is the meaning of ERC in the context of Ethereum?

3 answers

• Dec 26, 2021 · 3 years ago
  ERC stands for Ethereum Request for Comments. It is a technical standard used for creating and implementing smart contracts on the Ethereum blockchain. ERC defines a set of rules and guidelines that developers must follow when creating tokens or other assets on the Ethereum network. By adhering to the ERC standards, developers ensure that their tokens or assets are compatible with the existing Ethereum ecosystem and can be easily integrated with other applications and platforms. The most well-known ERC standard is ERC-20, which is used for creating fungible tokens on the Ethereum network.
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• Dec 26, 2021 · 3 years ago
  ERC is short for Ethereum Request for Comments. It's basically a way for developers to propose and discuss improvements and standards for the Ethereum blockchain. ERC standards are important because they allow developers to create tokens and other assets that can be easily used and traded on the Ethereum network. The most popular ERC standard is ERC-20, which is used for creating tokens that are fungible and can be exchanged on decentralized exchanges like Uniswap and SushiSwap.
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• Dec 26, 2021 · 3 years ago
  ERC, or Ethereum Request for Comments, is a set of technical standards used for creating tokens on the Ethereum blockchain. These standards define the basic functionality and requirements for tokens, such as how they can be transferred, how they can be accessed, and how they can interact with other tokens and smart contracts. The most well-known ERC standard is ERC-20, which is used for creating fungible tokens. Other ERC standards include ERC-721 for non-fungible tokens (NFTs) and ERC-1155 for multi-token contracts. These standards have played a crucial role in the growth and adoption of Ethereum as a platform for creating and exchanging digital assets.
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