The Ethereum Request for Comment (ERC) is a set of technical documentation used by Ethereum smart contract developers that outlines a specialized set of rules for token implementation on the Ethereum blockchain. The ERC token standard specification is used to create token interoperability within the Ethereum network, allowing users to send and receive tokens between Ethereum addresses. Furthermore, there are several distinct ERC tokenization standards, including ERC-1155 and ERC-721, with the ERC-20 tokenization standard being the most common.
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