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The ERC-20 (Ethereum Request-for-Comments #20) Token Standard allows for fungible tokens on the Ethereum blockchain. The standard, proposed by Fabian Vogelsteller in November 2015, implements an API for tokens within smart contracts. The standard provides functions that include the transfer of tokens from one account to another, getting the ...
The ERC-721 Non-fungible Token Standard is a technical framework, defining a set of rules and interfaces for creating and managing unique, non-fungible tokens (NFTs) on the Ethereum blockchain. [ 1 ] [ 2 ] [ 3 ] ERC-721 is recognized for formalizing the concept of an NFT and establishing the foundation of the multi-billion dollar digital ...
USDC operates as an Ethereum ERC-20 token and is also available on several other blockchain platforms such as Base and Polygon. [2] [3] Visa initiated a pilot program to send USDC via the Solana blockchain to payment firms Worldpay and Nuvei, who could then transfer payment to merchants.
Polygon's native token is POL, an ERC-20 token which allows for compatibility with other Ethereum cryptocurrencies. It is operated by Polygon Labs. [1] Polygon is a natively Layer-2 network that uses Ethereum as a base network.
On 20 July 2016, as a result of the exploitation of a flaw in The DAO project's smart contract software, and subsequent theft of $50 million worth of Ether, [5] the Ethereum network split into two separate blockchains – the altered history was named Ethereum (ETH) and the unaltered history was named Ethereum Classic (ETC).
The first known "NFT", Quantum, [25] was created by Kevin McCoy and Anil Dash in May 2014. It consists of a video clip made by McCoy's wife, Jennifer. McCoy registered the video on the Namecoin blockchain and sold it to Dash for $4, during a live presentation for the Seven on Seven conferences at the New Museum in New York City.
ZRX, an Ethereum ERC-20 token, is the native governance and staking token of 0x. Individuals who own ZRX can vote on protocol changes and stake their tokens to earn liquidity rewards in Ether (ETH). [1] The project's creator and core developer is 0x Labs. [2]
Chainlink's LINK token is an ERC677 token, an extension of ERC-20. All LINK tokens have been premined and largely withheld by the central issuer. A fraction of the pre-mined token supply was offered for sale to retail buyers in a controversial and legally murky [clarification needed] initial coin offering (ICO) [citation needed].