ERC-20

ERC-20 is a technical standard used for smart contracts on the Ethereum blockchain. It defines a set of rules and functions that allow for the creation of tokens that are compatible with the Ethereum network. Developers can use the ERC-20 standard to create their own tokens and launch their own initial coin offerings (ICOs) or other decentralized applications (dApps). The ERC-20 standard ensures that tokens created using it will be interchangeable and easily tradable on any cryptocurrency exchange that supports ERC-20 tokens. This standardization allows for greater interoperability and ease of use for developers looking to build on the Ethereum network.

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