ERC (Ethereum Request for Comments)

Technical standards for creating tokens and contracts on Ethereum.

What is it? - Dummies

It's like a recipe that everyone follows for tokens and contracts to work the same and are compatible.

What is it? - PRO

ERC is a set of proposals and standards that define interfaces, functionalities and rules for Ethereum tokens and contracts, such as ERC-20, ERC-721 or ERC-1155.

Key points

  • It facilitates interoperability.
  • Define how contracts and wallets interact.
  • Different ERCs for different uses.
  • Sales and disadvantages

  • Advantages:
    • Uniformity and compatibility.
    • It simplifies development and adoption.
  • Disadvantages:
    • Rigidity in complex cases.
    • Constant need for updating and improvement.
  • Related Concepts

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