Assets, Ethereum

What Does ERC Ethereum Mean?

In the simplest of terms, ERC Ethereum means Ethereum Request for Comments. It is a standard used for smart contracts on the Ethereum blockchain.

ERC20 defines a common list of rules that all Ethereum tokens must adhere to. This ensures that all tokens can be exchanged for one another, and that they can all be stored in the same wallets.

The main benefit of ERC20 is that it creates a level playing field for all Ethereum tokens. It also makes it easier for developers to create new tokens, as they only need to adhere to the ERC20 standard.

There are currently over 200 ERC20 tokens in existence, with more being created all the time. Some of the more popular ones include Augur, Golem and Melonport.

ERC20 tokens have quickly become one of the most popular assets in the cryptocurrency space. They offer a high degree of flexibility and have a wide range of applications.

With so many different ERC20 tokens to choose from, there is sure to be one that meets your needs.

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