Ethereum becomes the most widely used blockchain network, which is specialized for its superior smart contract functionality. Ethereum's request for comments (ERC) is a protocol of the Ethereum blockchain network, & token is a script running on the Ethereum blockchain. Ethereum ecosystem offers flexibility & efficiency together, which makes the token extremely beneficial for business purposes.
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Security Token is a combination of traditional economic instruments and the idea of digital assets. Security Token tokenizes the ownership of traditional belongings.
The role of the smart contract is not only defining the penalties and rules around the agreement just like the traditional contract but also automatically enforcing those obligations.
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