Cryptocurrency Q&A What is ERC coin?

What is ERC coin?

Tommaso Tommaso Sat Nov 09 2024 | 7 answers 1359
I'm curious about ERC coin. I've heard about it in the context of cryptocurrency, but I'm not sure what it exactly is. Could someone explain to me what ERC coin is and its background in the crypto world? What is ERC coin?

7 answers

SeoulSerenitySeeker SeoulSerenitySeeker Mon Nov 11 2024
An ERC20 token represents a benchmark for developing and deploying smart contracts on the Ethereum blockchain.

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Martino Martino Sun Nov 10 2024
The ERC20 standard was introduced in 2015 as a way to streamline the creation and issuance of tokens on Ethereum.

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GalaxyWhisper GalaxyWhisper Sun Nov 10 2024
The abbreviation ERC stands for "Ethereum Request for Comment," which is a technical specification used within the Ethereum community.

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Carlo Carlo Sun Nov 10 2024
The main purpose of the ERC20 standard is to ensure interoperability among different Ethereum-based tokens.

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BonsaiGrace BonsaiGrace Sun Nov 10 2024
BTCC, a top cryptocurrency exchange, offers a range of services that include spot, futures, and wallet options.

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