What does ERC mean in the crypto world?

3 answers

• Dec 16, 2021 · 3 years ago
  ERC stands for Ethereum Request for Comments. It is a technical standard used for smart contracts on the Ethereum blockchain. ERC defines a set of rules and guidelines that developers must follow when creating new tokens or decentralized applications (DApps) on the Ethereum network. This standard ensures interoperability between different tokens and DApps, making it easier for developers to build on top of Ethereum.
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• Dec 16, 2021 · 3 years ago
  ERC in the crypto world refers to the Ethereum Request for Comments. It is a protocol used for creating and managing tokens on the Ethereum blockchain. ERC tokens are widely used in Initial Coin Offerings (ICOs) and decentralized finance (DeFi) applications. The ERC standard allows for the seamless transfer and interaction of tokens between different platforms and wallets, making it a popular choice for developers and investors in the crypto space.
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• Dec 16, 2021 · 3 years ago
  ERC, short for Ethereum Request for Comments, is a technical specification that defines the rules and guidelines for creating tokens on the Ethereum blockchain. It provides a blueprint for developers to create their own tokens and ensure compatibility with the Ethereum network. ERC tokens have gained popularity due to their ease of creation and integration with various wallets and exchanges. By adhering to the ERC standard, developers can ensure the smooth functioning and interoperability of their tokens in the crypto world.
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