ERC20 is a standard for the creation and deployment of smart contracts on the Ethereum blockchain. ERC20 tokens are a form of token that can be issued on Ethereum (and only Ethereum) that also represent a set of standards that cryptocurrencies can adhere to.
What is Ethereum Request for comment 20 (ERC-20)?
Ethereum Request for Comment 20 (ERC-20) is the implemented standard for fungible tokens created using the Ethereum blockchain. ERC-20 guides the creation of new tokens on the Ethereum blockchain so that they are interchangeable with other smart contract tokens.
What is the ERC 20 standard?
What is the ERC-20 standard? In Ethereum, an ERC is an Ethereum Request for Comments. These are technical documents that outline standards for programming on Ethereum. They’re not to be confused with Ethereum Improvement Proposals (EIPs), which, like Bitcoin’s BIPs, suggest improvements to the protocol itself.
