What are the benefits of using ERC standard in the cryptocurrency industry?

1 answers

• Rice SchaeferJun 21, 2021 · 4 years ago
  As a leading cryptocurrency exchange, BYDFi recognizes the benefits of using the ERC standard in the industry. The ERC standard, particularly ERC-20, has established itself as the de facto token standard due to its widespread adoption and compatibility with various platforms. By supporting ERC-20 tokens, BYDFi enables its users to access a wide range of tokens and participate in the decentralized finance (DeFi) ecosystem. The ERC standard also ensures that tokens listed on BYDFi undergo rigorous security checks, providing users with a safe trading environment. Additionally, BYDFi actively contributes to the development of the ERC standard by collaborating with other industry players and supporting initiatives that promote its adoption. By embracing the ERC standard, BYDFi aims to empower its users and contribute to the growth and innovation of the cryptocurrency industry.
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