Cryptocurrency Q&A
Is ERC-20 real?
Is ERC-20 real?
Pietro
Mon Nov 04 2024
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5 answers
885
I've been hearing about ERC-20 tokens a lot recently, but I'm not sure if they are legitimate or just a scam. Can someone confirm if ERC-20 is real or not?
5 answers
CryptoChieftain
Wed Nov 06 2024
ERC20 is a decentralized cryptocurrency that functions within the Ethereum blockchain ecosystem.
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Caterina
Wed Nov 06 2024
It employs the ERC-20 standard protocol, which serves as a set of rules and guidelines for creating and issuing tokens on the Ethereum network.
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Valentino
Wed Nov 06 2024
Initially, ERC20 tokens were envisioned as a viable alternative to traditional cryptocurrencies, offering unique features and benefits that could appeal to a broader audience.
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CryptoProphet
Tue Nov 05 2024
One of the key attributes of ERC20 tokens is their open-source nature. This means that anyone with the necessary technical skills can contribute to their development and use.
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KimonoElegance
Tue Nov 05 2024
The open-source aspect of ERC20 tokens fosters a collaborative and innovative environment, encouraging developers to create new and improved applications and services that utilize these tokens.
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