Cryptocurrency Q&A
What is the use of ERC token?
What is the use of ERC token?
CryptoPioneer
Fri Nov 01 2024
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6 answers
1148
I would like to understand the purpose and functionality of ERC tokens. Could someone explain to me what they are used for and how they work within the Ethereum ecosystem?
6 answers
BlockchainBaron
Sat Nov 02 2024
ERC20 tokens leverage the Ethereum blockchain for their functionality.
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Martina
Sat Nov 02 2024
For instance, smart contracts can be employed in supply chain management to track inventory and transactions in real-time.
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SoulWhisper
Sat Nov 02 2024
A key aspect of ERC-20 tokens is their ability to support smart contracts.
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Sebastiano
Sat Nov 02 2024
ERC-20 tokens can also be used in voting systems to ensure transparency and security.
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charlotte_wright_coder
Sat Nov 02 2024
Smart contracts are automated digital agreements that execute terms when specific conditions are met.
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