ERC-20 is an extension of the ERC protocolERC stands for Ethereum Request for Comments. ERC is a protocol that allows for the proposal of improvements to the... Read More and defines a set of rules that all EthereumEthereum is a decentralized global open-source platform. The goal is to create a world computer where anyone can build and... Read More tokens must follow, making it easier for developers to create and audit tokenTokens are created and distributed on a blockchain and can represent a variety of assets or utilities, including commodities, loyalty... Read More projects. ERC-20 allows for the creation of fungible tokens. This compatibility with most decentralizedDecentralization, an aspect of blockchain technology, facilitates power or authority distribution among individuals, groups, or institutions. A decentralized structure allows... Read More applications that support the ERC-20 standard makes it a popular choice among users; it is used widely on Ethereum. Additionally, not having to worry about different standards for different tokens helps spur growth in developing various decentralized applications within the Ethereum ecosystem. The majority of ICOs (initial coinA coin is a digital value stored on a blockchain. Some blockchains name both the network and the coin identically... Read More offerings) release ERC-20-compliant tokens.
