Assets, Ethereum

What Does ERC Mean Ethereum?

ERC stands for Ethereum Request for Comment. It is a protocol used for improving the Ethereum network. It allows developers to create new applications and improve existing ones. There are two types of ERCs: ERC-20 and ERC-721.

ERC-20 is the most common type and is used for tokens that represent a unit of value. ERC-721 is used for tokens that represent a unique asset, such as a collectible or a piece of art.

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