Cryptocurrency Q&A
Is ERC the same as ERC-20?
Is ERC the same as ERC-20?
Dario
Thu Dec 26 2024
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5 answers
1089
ERC refers to Ethereum Request for Comment, which is a series of technical standards and specifications for creating and running smart contracts and tokens on the Ethereum blockchain. ERC-20 is a specific token standard within the ERC framework, defining how tokens can be transferred, queried, and operated. Therefore, ERC and ERC-20 are not the same; ERC-20 is a subset of ERC.
5 answers
Isabella
Sat Dec 28 2024
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Claudio
Sat Dec 28 2024
ERC-20 was conceptualized in 2015 by developer Fabian Vogelsteller. His aim was to establish a standard for smart contracts on the Ethereum blockchain. This initiative was crucial as it sought to streamline the diverse range of smart contracts that existed on the platform.
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EchoChaser
Sat Dec 28 2024
Vogelsteller recognized the need for a unified standard to ensure interoperability between various smart contracts. This would enhance efficiency and reduce complexity in developing and deploying new contracts on Ethereum.
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Margherita
Sat Dec 28 2024
To formalize his proposal, Vogelsteller submitted it via the Ethereum project's Github page. This platform serves as a central hub for developers to collaborate and share their work on the Ethereum blockchain.
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Arianna
Sat Dec 28 2024
The proposal was submitted in the form of an Ethereum Request for Comment (ERC). This is a standardized way of proposing new features or standards within the Ethereum community. It allows for open discussion and feedback from the wider developer community.
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