Cryptocurrency Q&A
What is ERC20 used for?
What is ERC20 used for?
SumoMight
Wed Nov 06 2024
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5 answers
922
I'm trying to understand the purpose of ERC20. Could someone explain to me what it's mainly used for in the crypto and blockchain world?
5 answers
SolitudeSeeker
Fri Nov 08 2024
It serves as the established standard for creating fungible tokens on the Ethereum blockchain. This standard ensures uniformity and interoperability among tokens.
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BlockchainBaron
Fri Nov 08 2024
By adhering to ERC-20, developers can create new tokens that are designed to be interchangeable with other smart contract tokens on the Ethereum network.
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Raffaele
Fri Nov 08 2024
The implementation of ERC-20 facilitates seamless integration and interaction between various tokens and smart contracts, thereby bolstering the ecosystem's robustness.
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WhisperWindLight
Fri Nov 08 2024
Ethereum Request for Comment 20, or ERC-20, holds a pivotal position in the realm of Ethereum-based tokens.
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Tommaso
Fri Nov 08 2024
Among the numerous exchanges and platforms supporting Ethereum-based tokens, BTCC stands out as a top-tier cryptocurrency exchange. BTCC offers a comprehensive suite of services, encompassing spot trading, futures trading, and a secure wallet, among others.
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