ERC TOKENS LIST:A Comprehensive List of ERC 20 Compliant Tokens
hardawayauthorThe Ethereum Protocol (ERC) is a set of rules and standards that enable tokens to be created and traded on the Ethereum blockchain. ERC-20 is a specific type of token compliant with these standards, allowing for easier interoperability and trading between blockchain projects. In this article, we will provide a comprehensive list of ERC-20 compliant tokens, their functionality, and their use cases.
1. ETHEREUM (ETH)
Ethrency (ETH) is the native currency of the Ethereum blockchain. It is used as a medium of exchange, allowing users to pay for transactions and services on the network. ETH can also be used as collateral for lending and borrowing protocols, such as Compound and Uniswap.
2. USDT (Tether)
USDT, also known as Tether, is a stablecoin issued by the company Tether Limited. It is designed to have a value equal to the US dollar, ensuring stability for users who wish to use it as a medium of exchange. USDT is widely used in cryptocurrency trading platforms, especially for trading crypto-to-crypto exchanges.
3. USDC (United States Dollar Coin)
USDC, also known as United States Dollar Coin, is a US dollar-denominated stablecoin issued by the company Circle. It aims to provide a safe and transparent way to store and transfer value in the cryptocurrency space. USDC is used in various applications, including debt borrowing and lending protocols, and cross-chain bridge protocols.
4. BTC (Bitcoin)
Bitcoin (BTC) is the original and most well-known cryptocurrency. It is a decentralized, peer-to-peer digital currency that allows users to send and receive money without traditional financial intermediaries. Bitcoin is the most widely used and traded cryptocurrency, and its value has experienced significant fluctuations in recent years.
5. LTC (Litecoin)
Litecoin (LTC) is a decentralized, open-source, peer-to-peer digital currency created as a successor to Bitcoin. Litecoin uses the same codebase as Bitcoin, but with some modifications to increase transaction speeds and reduce mining costs. LTC is similar in function to BTC, but with a smaller market capitalization and lower transaction fees.
6. EOS (Ethereum Optimized Token)
EOS is a blockchain platform designed to enable rapid development of decentralized applications. It uses the ERC-20 protocol to issue tokens, allowing for easier interoperability with other Ethereum-compatible projects. EOS tokens can be used to participate in voting on network changes, as well as to pay for services and transactions on the EOS network.
7. XRP (Ripple)
XRP is a cryptocurrency created by Ripple, a financial services company. It is designed to enable fast and cost-effective international payments, with a focus on reducing transaction fees and settling times. XRP is used by banks and other financial institutions to process payments and exchanges between different currencies.
8. BCH (Bitcoin Cash)
Bitcoin Cash (BCH) is a fork of the original Bitcoin blockchain. It was created as an upgrade to Bitcoin, increasing the block size limit and implementing Segal’s original proposal for faster transaction confirmation times. BCH is similar to BTC in function, but with improved performance and lower mining costs.
9. ELC (Ethereum Classic)
Ethereum Classic (ETC) is a blockchain network that aims to preserve the original vision of the Ethereum project. It operates using the same codebase as the Ethereum mainnet, allowing for seamless integration and interoperability between the two networks. ETC tokens can be used for voting and participation in the Ethereum Classic ecosystem.
10. LTC (Litecoin Cash)
Litecoin Cash (LCC) is a fork of the Litecoin blockchain. It was created as an upgrade to Litecoin, increasing the block size limit and implementing Segal’s original proposal for faster transaction confirmation times. LCC is similar to LTC in function, but with improved performance and lower mining costs.
The ERC-20 compliant tokens listed in this article represent a wide range of uses and functions within the cryptocurrency landscape. From stablecoins and fiat currencies to decentralized platforms and payment systems, these tokens play a crucial role in enabling the interoperability and exchange of value within the blockchain ecosystem. As the industry continues to grow and evolve, it is expected that the list of ERC-20 compliant tokens will expand to include new and innovative projects.