Glossary - ChicksX

ERC-827 is an Ethereum token standard allowing enhanced interactions with tokens, including transfers and approvals in a single transaction.

ERC-827 is an Ethereum token standard that extends ERC-20 functionality. It allows token holders to transfer tokens and approve tokens for spending in a single transaction. ERC-827 supports data transfer with token transactions, enabling more complex interactions with smart contracts. This standard enhances flexibility and reduces transaction complexity by combining multiple steps into one. It is designed to improve efficiency and user experience on the Ethereum network by streamlining token operations. ERC-827 is backward compatible with ERC-20, ensuring seamless integration with existing systems and wallets.