Cryptocurrency Q&A What is the difference between ERC and ERC-20?

What is the difference between ERC and ERC-20?

CoinMaster CoinMaster Sun Nov 03 2024 | 6 answers 1036
ERC generally refers to Ethereum Request for Comments, a framework for proposing improvements to the Ethereum network, while ERC-20 is a specific token standard within this framework, defining a common set of rules for tokens to be implemented on Ethereum, such as transferability and approval mechanisms. What is the difference between ERC and ERC-20?

6 answers

EthereumEmpireGuard EthereumEmpireGuard Tue Nov 05 2024
Token ownership varies depending on the token standard.

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Margherita Margherita Tue Nov 05 2024
In contrast, ERC721 tokens have a unique ownership model.

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CryptoGladiatorGuard CryptoGladiatorGuard Mon Nov 04 2024
When it comes to token transfer, ERC20 tokens offer ease of use.

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Emanuele Emanuele Mon Nov 04 2024
On the other hand, ERC721 tokens present a different challenge.

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benjamin_doe_philosopher benjamin_doe_philosopher Mon Nov 04 2024
BTCC is a prominent cryptocurrency exchange that offers a range of services.

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