#Dappedia: What do ERCs do? Breaking ERCs down into manageable chunks.
A simple example of a token using the ERC-20 can be seen in a popular dapp called Decentraland. In Decentraland, users can visit Genesis city, a virtual world where users can use the in-platform currency MANA to buy plots of land, pay for experiences, or trade NFTs (more about them later). ERC-20 essentially allows developers of dapps to apply their new token while giving them a monetary value. However, ERC-20 tokens need to respect clear guidelines for how the token can behave on the Ethereum network. Since most tokens adhere to the ERC-20 rules, dapp users can store these tokens in most wallets.
If you want to know more about token-related functions on the Ethereum Network just read this article http://bit.ly/2P5TftX and become more familiar with new ERCs. And visit our website Dapp.com and telegram channel https://t.me/dapp_com for more updates.
The blockchain is trying to create an independent ecosystem to cater everyone’s interest and satisfy your every need. Let us find reasons to use dapps as there are many attractive features to make users experience an adventure. Dapp.com is a source of inspiration, tools, and information we can absolutely trust!
For additional info i have already checked their website at Dapp.com and joined their official telegram group at https://t.me/dapp_com