What Is the ERC-20 Standard for Tokens?
ERC-20 is a technical standard used for smart contracts on the Ethereum blockchain for implementing fungible tokens. It defines a common set of rules, such as how tokens are transferred and how to access data about them.
Adhering to this standard ensures interoperability, meaning all ERC-20 tokens can interact seamlessly with other applications and wallets on the Ethereum network.
Glossar
Non-Fungible Tokens
Token ⎊ Non-Fungible Tokens (NFTs) represent a paradigm shift in digital asset ownership, extending beyond traditional cryptocurrency fungibility.
ERC-20 Standard
Token ⎊ The ERC-20 standard, formally defined within Ethereum Improvement Proposal (EIP)-20, establishes a framework for fungible tokens on the Ethereum blockchain.
Ethereum Blockchain
Architecture ⎊ The Ethereum Blockchain represents a decentralized, open-source blockchain featuring smart contract functionality, fundamentally altering programmable money and decentralized application development.
Erc-20 Tokens
Standard ⎊ ERC-20 tokens represent a technical standard implemented via smart contracts on the Ethereum blockchain, defining a common set of rules for fungible digital assets.
Erc-20
Architecture ⎊ The ERC-20 standard defines a uniform API for fungible tokens on the Ethereum blockchain, facilitating interoperability between decentralized applications and exchanges.
Erc-20 Token
Token ⎊ An ERC-20 token represents a fungible digital asset residing on the Ethereum blockchain, adhering to a standardized technical specification.