A Uniform Resource Identifier (URI) is a string that identifies a resource, such as a wallet address, cryptocurrency token, or smart contract. It provides a standardized way to locate and interact with these resources on a blockchain.URIs typically begin with a scheme, such as “ethereum:” or “bitcoin:,” followed by specific details like addresses or transaction IDs. This helps users and applications easily access and utilize the associated resources without confusion.For example, the URI “ethereum:0x1234567890abcdef…” refers to a specific Ethereum wallet address. Users can click on this link to initiate transactions or view the wallet’s balance and transaction history through compatible applications.By offering a consistent format, URIs enhance interoperability among various platforms, wallets, and services, making it easier for users to engage with different cryptocurrencies and related activities. This standardization plays a crucial role in streamlining interactions within the ecosystem.