๐The Smart Contract
Last updated
Last updated
The term "ERC" (Ethereum Request for Comments) is the designation for the technical standards applied to smart contracts on the Ethereum blockchain. The notation "ERC" followed by a numeral refers to a unique standard. Gates of Valhalla utilizes an "ERC20" contract. An "ERC20" token is the most accepted standard for tokens on the Ethereum network. This standard outlines rules for token creation, including the ability to transfer tokens between addresses, ascertain the total supply of tokens, and get the balance of a particular Ethereum address.
The standard ERC-20 contracts boast a simple design and a limited set of functions. This simplicity curtails the risk of vulnerabilities or bugs in the code, potentially leading to unanticipated issues or security breaches. In addition, the ERC-20 standard comprises certain required functions, such as the capability to transfer tokens, determine the total token supply, and check the balance of a specific Ethereum address. Ultimately, the contract Gates of Valhalla employs offers a high degree of security, stability, and compatibility, making it a preferred choice for developers looking to generate tokens on the Ethereum blockchain. Where can I find the Gates of Valhalla contract The Gates of Valhalla contract is accessible on Etherscan. Etherscan is a block explorer and analytics platform for the Ethereum blockchain. Visit the link below to gather more information about the contract.