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  1. Start Using Defi
  2. Using Your Wallet
  3. Different Networks
  4. Ethereum

ERC-20

What Are ERC-20 Tokens?

Tokens on the Ethereum blockchain can be issued and implemented using the ERC-20 standard. Fabian Vogelsteller, an Ethereum developer, came up with the idea in November 2015. In order for a token to work correctly within the Ethereum ecosystem, it must adhere to a defined set of rules. As a result, ERC-20 is not to be regarded as a piece of computer code. It's more accurate to call it a technical standard or guideline.

The ERC-20 standard makes it easier for developers to forecast the interactions between different tokens and applications with more accuracy. ERC-20 tokens are transferred within the Ethereum blockchain and their supply and address balances are continually recorded in accordance with this document's definitions.

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Last updated 3 years ago

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