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What is ERC-948?

A brand-new Ethereum token protocol called ERC-948 was created specifically for subscription-based transactions. Business models are changing as a result of blockchain technology, and this interaction doesn’t seem to be slowing down anytime soon. ERC-948 is useful in this situation.

Standards for digital assets and tokens based on Ethereum are many. Users could use the opt-out option, and more specifically, a smart contract could be created to allow users to withdraw their tokens, given that they first approve the contract. Undoubtedly, such a concept might lead to a huge number of brand-new subscription-based system use cases.


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