ERC is "Ethereum Request for Comments" and the number "20" is just signifies the unique proposal ID.
There are concept of ERC-20 - guarantees the token created to have simple transferability among wallets and contracts. There are three functions: ‘transfer’, ‘transferFrom’ and ‘allow’ that must exist in every ERC20 contract. People can simply use ‘transfer’ to send their tokens and if someone wants to spend token reside in a contract, the contract must first ‘allow’ the spender before the spender can ‘transferFrom’ token from that contract.
In additional, ERC-223 has been created with more features/functions. U can find more details about ERC, ERC-20 and ERC-223 here:
https://medium.com/cryptomover/what-are-erc20-and-erc223-tokens-307badcca5a
https://www.cryptoniam.com/what-is-erc20/
Github link: https://github.com/Dexaran/ERC223-token-standard/tree/Recommended#erc23-token-standard
Topic: Where can I understand more about the ERC types and their features/functions? (Read 104 times)
June 05, 2018, 12:45:17 AM
June 04, 2018, 10:02:42 PM
https://cointelegraph.com/news/top-ethereum-token-protocols-which-may-replace-erc20?utm_source=Telegram0&utm_medium=Social&utm_campaign=crypto-exchanges-etoro--bitpanda-press-f
guess you may have a look on this site first? basically you should first know about what is ERC20 first, for which over 80% of the projects are running under ERC20, while there are more and more standard releasing to the field to improve or give out different functions.
guess you may have a look on this site first? basically you should first know about what is ERC20 first, for which over 80% of the projects are running under ERC20, while there are more and more standard releasing to the field to improve or give out different functions.
June 04, 2018, 09:58:02 PM
Where can I understand more about the ERC types and their features/functions?
Jump to: