ICY Contract
Last updated
Last updated
An "ERC" (Ethereum Request for Comments) is a technical standard used for smart contracts on the Ethereum blockchain. The term "ERC" followed by a number refers to a specific standard. ICY uses an "ERC20" contract. An "ERC20" token is the most widely adopted standard for tokens on the Ethereum network. It defines a set of rules for token creation, including the ability to transfer tokens between addresses, get the total supply of tokens, and get the account balance of a specific Ethereum address.
Standard ERC-20 contracts are relatively simple and have a limited set of functions. This simplicity reduces the risk of vulnerabilities or bugs in the code that could lead to unintended consequences or security breaches.
Furthermore, the ERC-20 standard includes a certain required functions, such as the ability to transfer tokens, get the total supply of tokens, and get the account balance of a specific Ethereum address. Overall, the contract ICY uses offers a high level of security, stability, and compatibility, making it a popular choice for developers looking to create tokens on the Ethereum blockchain.
The ICY contract can be found on Etherscan. Etherscan is a block explorer and analytics platform for the Ethereum blockchain. Visit the link below to find out more information about the contract.
