Cryptocurrency Q&A
What does ERC crypto stand for?
What does ERC crypto stand for?
Dario
Wed Nov 13 2024
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5 answers
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ERC crypto stands for Ethereum Request for Comments, representing protocol proposals submitted by Ethereum developers. These proposals, such as ERC20 and ERC721, define standards for creating and managing digital assets on the Ethereum network.
5 answers
SsamziegangSerenadeMelodyHarmonySoul
Fri Nov 15 2024
The standards were named Ethereum Request for Comment (ERC) 20, reflecting their intent to solicit feedback and ensure widespread adoption.
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Michele
Fri Nov 15 2024
ERC-20 serves as a comprehensive guide for the creation of tokens on the Ethereum blockchain.
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MatthewThomas
Fri Nov 15 2024
In response to the rising anxiety surrounding the non-transferability of multiple tokens on the Ethereum blockchain, a pivotal move was initiated in 2011.
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Michele
Fri Nov 15 2024
By adhering to these standards, tokens become compatible with the Ethereum blockchain, ensuring their interchangeability with other ERC-20 tokens.
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HanRiverVisionaryWaveWatcher
Fri Nov 15 2024
This move involved the formulation and subsequent implementation of a set of standards aimed at resolving the issue.
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