Bitcoin
Bitcoin
BTC
$103,887.00
1d: +1.26%
7d: +7.82%
$103,887.00
+1.26%
Ethereum
Ethereum
ETH
$2,673.39
1d: +8.97%
7d: +46.30%
$2,673.39
+8.97%
Polkadot
Polkadot
DOT
$5.24
1d: +5.62%
7d: +32.95%
$5.24
+5.62%
Solana
Solana
SOL
$182.82
1d: +7.32%
7d: +25.55%
$182.82
+7.32%
XRP
XRP
XRP
$2.58
1d: +3.52%
7d: +21.03%
$2.58
+3.52%
Shiba Inu
Shiba Inu
SHIB
$0.00001651
1d: +8.51%
7d: +29.83%
$0.00001651
+8.51%

ERC-827

Share this article:
x fb linkedin tg
Table of contents
    1. 0.2. How ERC-827 Works
    2. 0.4. Key Benefits of ERC-827
    3. 0.6. ERC-827’s Impact on Ethereum Ecosystem
    4. 0.8. To Sum Up

ERC-827 is an Ethereum token standard that extends ERC-20 by allowing tokens to be transferred along with data. This provides enhanced functionality for interacting with smart contracts, enabling more complex use cases and improving the versatility of token transfers on the Ethereum network.

How ERC-827 Works

ERC-827 allows users to send both tokens and additional data in a single transaction. This extra data can be used by smart contracts to trigger specific actions or pass necessary information during the transfer. It is an upgrade over ERC-20, which does not allow token transfers with accompanying data.

Key Benefits of ERC-827

The main advantage of ERC-827 is its ability to provide more functionality in token transfers. By allowing the inclusion of data in transactions, it enables use cases like batch token transfers or conditional transfers, enhancing the interaction between tokens and decentralized applications (dApps).

ERC-827’s Impact on Ethereum Ecosystem

ERC-827 improves the flexibility of token usage, supporting a wider range of applications and enabling more sophisticated decentralized solutions. It brings Ethereum’s token standards closer to meeting the demands of modern dApp development.

To Sum Up

ERC-827 builds on ERC-20 by adding data functionality to token transfers, making it a powerful tool for developing more advanced decentralized applications.