Cryptocurrency Q&A
What are ERC 20s?
What are ERC 20s?
SilenceSolitude
Mon May 13 2024
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5 answers
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Could you please explain what ERC 20s are? I've heard a lot about them in the cryptocurrency space, but I'm not quite sure what they represent or how they function. I understand they're some sort of tokens built on the Ethereum blockchain, but I'd like a deeper understanding of their significance and applications. Are they just for trading or do they have more utility? Also, how do they differ from other types of tokens in the crypto world? I'm eager to learn more about this fascinating aspect of digital finance.
5 answers
Nicola
Wed May 15 2024
ERC-20 serves as a pivotal technical standard.
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Giulia
Tue May 14 2024
It facilitates the creation of fungible assets on the Ethereum blockchain.
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Claudio
Tue May 14 2024
This standard establishes a set of rules to ensure seamless functionality within the Ethereum ecosystem.
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Martino
Tue May 14 2024
ERC-20 assets represent diverse digital assets, offering flexibility and versatility.
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Alessandra
Tue May 14 2024
These assets find applications in a broad range of scenarios, enhancing blockchain's utility.
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