What is the ERC standard (What is ERC certification)?
What is the ERC standard? What is the ERC standard? The ERC20 standard is writte
What is the ERC standard? What is the ERC standard? The ERC20 standard is written in Solidity on the Ethereum smart contract platform. In order to make the protocol interoperable with other blockchains and maintain a secure state, CosmosSDK is currently being used for code review and testing.
The ERC built in CosmosSDK is a decentralized application (dApp) standard driven entirely by the community and based on the Substrate development framework. This standard allows anyone to easily create decentralized dApp applications on the Ethereum network.
ERC supports all compatible public chains (such as Ethereum, BSC) and provides a permissionless interface to manage various types of applications: DeFi protocols, NFT markets, games, DAOs, etc.
What is ERC certification
ERC is a blockchain-based authentication method that uses distributed ledger technology (DLT) to protect and manage accounts in decentralized finance. The project is a new type of cryptocurrency founded by German computer scientist and early adopter of Bitcoin, MaxKeiser. Due to its uniqueness, most people are currently discussing the ERC20 standard, but they consider ERC to be “interoperable”.
According to an article recently published by Decrypt titled “How to create a fully open-source, permissionless, secure, trustless global banking infrastructure”, ERC allows users to engage in digital asset transactions in an easier way while ensuring that funds are not lost or stolen. A article on “Erc China Network” mentioned: “If you want to build a decentralized, permissionless network that can be accessed by people all over the world, like a city.” Although ERC does not support any cryptocurrency transactions, it allows any user on other networks to receive payments and exchange fiat currency using their own wallets. (EWN)
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