Glossary - ChicksX

SRC-20 Tokens are standardized tokens on the Stacks blockchain, enabling smart contracts and decentralized applications.

SRC-20 Tokens are a type of token standard on the Stacks blockchain. They allow developers to create fungible tokens that can interact with smart contracts and decentralized applications. By using SRC-20, developers can ensure compatibility and interoperability within the Stacks ecosystem. These tokens operate similarly to Ethereum's ERC-20 tokens but are specifically designed for the security and functionality of the Bitcoin network through Stacks. SRC-20 Tokens facilitate various use cases, such as decentralized finance (DeFi), gaming, and other blockchain-based applications, by providing a consistent framework for token creation and management.