ERC-20

ERC-20ERC-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... More is a technical standard used for smart contracts on the EthereumEthereum is a type of cryptocurrency that is similar to Bitcoin, but with some important differences. One of the key differences is that Ethereum is... More blockchainThe blockchain is a digital ledger that records transactions in a secure and decentralized manner. Think of it like a shared spreadsheet that is constantly... More. 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 coinA cryptocurrency coin is a digital form of currency that uses encryption techniques to regulate the generation of units and verify the transfer of funds.... More offerings (ICOs) or other decentralized applications (dApps)Decentralized applications, or dApps, are applications that run on a decentralized network, such as a blockchain. Unlike traditional applications, which are controlled by a single... More. The ERC-20 standard ensures that tokens created using it will be interchangeable and easily tradable on any cryptocurrencyCryptocurrency is a digital or virtual currency that uses cryptography for security and operates independently of a central bank. Cryptocurrencies use decentralized technology called blockchain... More exchangeA cryptocurrency exchange is an online platform that allows users to buy, sell, and trade cryptocurrencies. These exchanges serve as intermediaries between buyers and sellers,... More that supports ERC-20 tokens. This standardization allows for greater interoperability and ease of use for developers looking to build on the Ethereum network.