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ERC-20

ERC-20 is a standard developed on the Ethereum platform, defining a set of rules and functions that every token compliant with this standard must meet. ERC-20 tokens are most commonly used in projects based on the Ethereum blockchain, enabling the creation and management of digital assets.

Features of ERC-20 tokens:

1. Transferability: ERC-20 tokens can be easily sent and received between Ethereum wallets.

2. Standardization: Due to predefined rules, ERC-20 tokens are compatible with many cryptocurrency wallets and exchanges.

3. Security: The ERC-20 standard ensures secure and efficient operation of tokens, minimizing the risk of programming errors.

Popularity of ERC-20:

Most new projects based on Ethereum choose to create tokens compliant with the ERC-20 standard due to its popularity and compatibility with various developer tools. This allows investors and users to easily store, send, and trade these tokens on different platforms.

An exceptional feature of ERC-20 tokens is the ability to store them in any wallet supporting the Ethereum standard, giving users full control over their assets.

Summary:

ERC-20 is a standard that has played a key role in the development of cryptocurrency ecosystems based on Ethereum. Through standardized token creation principles, designers can focus on developing their project’s functionalities rather than on token technical details. For investors and users, this means greater transparency and flexibility in managing their digital assets.


20 grudnia 2024 | 15:02

Reklama:

Zonda - Największa Polska giełda cyfrowych walut