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ERC-20

The ERC-20 standard describes the technical specifications requirements that a token must meet in order to function on the Ethereum blockchain. The ERC-20 standard makes it possible to use smart contracts. It allows various tokens to be exchanged on the Ethereum blockchain. Furthermore, Ethereum based dApps can be used with this.

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Related Cryptopedia

Staking

Staking is the process by which a user of a blockchain network "stakes" or locks their cryptocurrency assets to a network ...

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Cold Wallet

A cold wallet is a cryptocurrency wallet that is not connected to the internet...

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Gas

The cost associated with handling and executing smart contracts on the Ethereum blockchain is called gas...

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Decentralization

In many ways, decentralization is the defining characteristic of blockchain technology...

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Dino (Decentralized In Name Only)

This term refers to crypto projects that pretend to be decentralized...

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Rollups

A technology to perform faster and more blockchain transactions...

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