Cryptocurrency Q&A What is the most used ERC?

What is the most used ERC?

CryptoVanguard CryptoVanguard Mon May 13 2024 | 6 answers 1223
Could you please elaborate on what you mean by "the most used ERC"? ERC typically stands for Ethereum Request for Comment, which is a way to propose new ideas or standards for the Ethereum blockchain. Are you referring to the most popular ERC tokens, the most widely implemented ERC standards, or something else entirely? If we're talking about ERC tokens, ERC-20 is certainly one of the most commonly used standards. It defines a common set of rules for fungible tokens, enabling their seamless integration into Ethereum-based wallets, exchanges, and smart contracts. ERC-20 tokens have become a staple in the cryptocurrency ecosystem, powering a wide range of projects and applications. However, there may be other ERCs that are more prevalent in specific niches or use cases. For instance, ERC-721 represents a standard for non-fungible tokens (NFTs), which have gained significant popularity in recent years. Could you clarify your question to help me provide a more accurate answer? What is the most used ERC?

6 answers

Chiara Chiara Wed May 15 2024
ERC-20 stands as the most widely-adopted token standard.

Was this helpful?

72
26
benjamin_brown_entrepreneur benjamin_brown_entrepreneur Tue May 14 2024
These NFTs are unique and not interchangeable with others.

Was this helpful?

293
29
CharmedSun CharmedSun Tue May 14 2024
It outlines a comprehensive set of rules for the creation of fungible tokens.

Was this helpful?

233
31
PearlWhisper PearlWhisper Tue May 14 2024
Fungible tokens, under ERC-20, are interchangeable with each other.

Was this helpful?

236
86
BitcoinBaron BitcoinBaron Tue May 14 2024
On the contrary, ERC-721 defines a distinct standard.

Was this helpful?

82
31
Load 5 more related questions

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts