Difference between revisions of "ERC20 tokens"
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* "''ERC-20 [https://medium.com/@jgm.orinoco/understanding-erc-20-token-contracts-a809a7310aa5 came about] as an attempt to provide a common set of features and interfaces for [[Tokens|token]] [[Smart Contract|contracts]] in [[Ethereum (ETH)|Ethereum]], and has proved to be very successful. ERC-20 has many benefits, including allowing [[Wallet|wallets]] to provide token balances for hundreds of different tokens and creating a means for exchanges to list more tokens by providing nothing more than the [[address]] of the token’s contract. The benefits of creating a token as ERC-20 compliant is such that very few token contracts today are created any other way (8-2018) new ERC standards are being made however."'' | * "''ERC-20 [https://medium.com/@jgm.orinoco/understanding-erc-20-token-contracts-a809a7310aa5 came about] as an attempt to provide a common set of features and interfaces for [[Tokens|token]] [[Smart Contract|contracts]] in [[Ethereum (ETH)|Ethereum]], and has proved to be very successful. ERC-20 has many benefits, including allowing [[Wallet|wallets]] to provide token balances for hundreds of different tokens and creating a means for exchanges to list more tokens by providing nothing more than the [[address]] of the token’s contract. The benefits of creating a token as ERC-20 compliant is such that very few token contracts today are created any other way (8-2018) new ERC standards are being made however."'' | ||
* Other well known ERC's are [[ERC223 tokens|ERC223]], [[ERC777 Tokens|ERC777]], [[ERC-1155 Tokens|ERC-1155]] and [[ERC-721o]] | * Other well known ERC's are [[ERC223 tokens|ERC223]], [[ERC777 Tokens|ERC777]], [[ERC-1155 Tokens|ERC-1155]] and [[ERC-721o]] | ||
*The model has been so well known and succesfull, even unrelated blockchains copied the name, as in [[BRC-20]] tokens on [[Ordinals]] and [[Binance|BNB]]'s BEP-20 tokens. | |||
* [[Fabian Vogelsteller]]; developer | * [[Fabian Vogelsteller]]; developer | ||
[[Category:Jargon/Various]] | [[Category:Jargon/Various]] | ||
Latest revision as of 05:57, 23 July 2023
- "ERC-20 came about as an attempt to provide a common set of features and interfaces for token contracts in Ethereum, and has proved to be very successful. ERC-20 has many benefits, including allowing wallets to provide token balances for hundreds of different tokens and creating a means for exchanges to list more tokens by providing nothing more than the address of the token’s contract. The benefits of creating a token as ERC-20 compliant is such that very few token contracts today are created any other way (8-2018) new ERC standards are being made however."
- Other well known ERC's are ERC223, ERC777, ERC-1155 and ERC-721o
- The model has been so well known and succesfull, even unrelated blockchains copied the name, as in BRC-20 tokens on Ordinals and BNB's BEP-20 tokens.
- Fabian Vogelsteller; developer
