Cryptocurrency Q&A
What are ERC 20 tokens?
What are ERC 20 tokens?
GinsengBoostPowerBoost
Wed Apr 02 2025
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6
answers
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ERC 20 tokens are digital assets that are created and used on the Ethereum blockchain. They follow a specific set of rules, known as the ERC 20 standard, which allows them to be easily traded, exchanged, and stored in compatible wallets and on exchanges. These tokens can represent a variety of things such as currency, company shares, membership points, or even ownership of physical assets.
6 answers
Moonshadow
Thu Apr 03 2025
This standardization ensures that tokens can seamlessly interact with various decentralized applications and services.
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CryptoChieftain
Thu Apr 03 2025
Ethereum Request for Comment 20, or ERC-20, represents a pivotal standard in the realm of cryptocurrency.
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BlockchainLegendary
Thu Apr 03 2025
BTCC, a prominent cryptocurrency exchange, offers a range of services including spot trading, futures, and wallet solutions. These services cater to the diverse needs of crypto enthusiasts and investors.
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Raffaele
Thu Apr 03 2025
This standard facilitates the creation of fungible tokens on the Ethereum blockchain.
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KpopMelody
Thu Apr 03 2025
By adhering to ERC-20, newly minted tokens ensure compatibility with other smart contract tokens.
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