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erc 20 meaning pepe unchain Bnb Eth XRP crypto futures coinbase futures binance futures

What does ERC 20 mean?

ERC-20 is Ethereum Request for Comment, number 20. ERC-20 is the standard for smart contract tokens created using Ethereum. What's the Difference Between ETH and ERC-20? Ether (ETH) is the native token used by the Ethereum blockchain and network as a payment system for verifying transactions.

What is Ethereum Request for comment 20 (ERC-20)?

Ethereum Request for Comment 20 (ERC-20) is the implemented standard for fungible tokens created using the Ethereum blockchain. ERC-20 guides the creation of new tokens on the Ethereum blockchain so that they are interchangeable with other smart contract tokens.

Does ERC20 need a blockchain?

All the tokens that are created don’t need to have their blockchain. They can thrive on the Ethereum blockchain, and this is what makes ERC20 so promising and useful. If any smart contract wants to use the ERC20 token, then it needs to follow some rules or ERC standards accordingly.

What is a token in ERC-20 compliance?

Token, in the context of ERC-20 compliance, simply means a blockchain representation of something that meets the standards set by the Ethereum community to be considered a smart contract standard-compliant token. So, what does this all mean? The functions and events are programming language, such as:

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