Definition ∞ The ERC Twenty Standard is a technical specification for fungible tokens on the Ethereum blockchain. This standard defines a common set of rules that all compliant tokens must follow, ensuring interoperability within the Ethereum ecosystem. It enables seamless interaction between various decentralized applications. This standard is foundational for token creation.
Context ∞ The ERC Twenty Standard remains a foundational element for a vast number of digital assets and decentralized finance applications built on Ethereum. Debates occasionally arise concerning its limitations, such as transaction costs and scalability issues, leading to the exploration of newer token standards and Layer 2 solutions. Its continued relevance underscores its role in the evolution of tokenized economies.
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