ERC-20 and ERC-721: What are they and how do you use them?

ERC stands for Ethereum Requests for Comments and is used by Ethereum developers. In order to execute a token in the Ethereum ecosystem, the developers need to abide by a set of rules established by the ERC. Tokens developed compliant to ERCs called ERC tokens have become popular over the years. The property of the ERC token that attracts its users most is the fact that it can be traded. This exchange is possible only if its value is standard. Let’s look at two well-known ERC tokens and their characteristics.

Read More @ https://blockchaintechdevelopment.blogspot.com/2019/05/erc-20-and-e...

Views: 1

Comment

You need to be a member of The Brooklynne Networks to add comments!

Join The Brooklynne Networks

Brooklynne.net- Financial Services for Businesses and Professionals

© 2019   Created by Brooklynne Networks.   Powered by

Badges  |  Report an Issue  |  Terms of Service

tag.