Recommended

#BitcoinOnBTCC ：Celebrate 2024's Crypto Triumphs with Us, Every Day.
Crypto Deposit Make instant crypto transfers to your futures account
USDT-M Perpetual Futures Trade futures contracts settled in USDT
VIP Fee Discounts Enjoy different fee discounts based on your VIP level
Coin-M Perpetual Futures Trade futures contracts settled in cryptocurrency
Fiat Deposit Buy your favourite coins in seconds
Affiliates Invite friends & get rewarded
Convert Covert your crypto instantly
Support Centre Find our FAQs here
Announcements Find all our official announcements
BTCC Academy Learn about blockchain and crypto
News The latest trends in the crypto market

Promotions

Referral
Campaigns
Assets
Crypto Deposit
Fiat Deposit
Convert
Transfer
Withdraw
My vouchers
Fund history
Dashboard
Account Security
Identity verification
API Management
Transaction Report
Log out
Register
Report post
erc 20 network pepe unchain Bnb Eth XRP crypto futures coinbase futures binance futures

What is an ERC 20 token?

For example, an ERC-20 Token acts just like the ETH, meaning that 1 Token is and will always be equal to all the other Tokens. The ERC-20 (Ethereum Request for Comments 20), proposed by Fabian Vogelsteller in November 2015, is a Token Standard that implements an API for tokens within Smart Contracts.

What is the most popular ERC-20 standard?

However, ERC-20 is by far the most popular standard for now. How many ERC-20 tokens are there? As of December 2020, there are 829 projects based on the ERC-20 token standard and over 350,000 token contracts, according to a dynamic list from Ethereum data provider, Etherscan.

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 are ERC20 smart contracts?

ERC20 smart contracts use ERC20 tokens to facilitate transactions when its protocol calls for it. Any smart contract that utilizes transaction functionality will therefore pay the user in the form of an ERC20 token. Many popular stablecoins, like USDC and DAI, are ERC20 tokens.

Related articles

The World's Leading Crypto Trading Platform

Get my welcome gifts

Exchange for a better future

Products
Services
Guides
About Us
Terms & Agreement
Customer Service
Social Media

Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

The world’s longest-running cryptocurrency exchange since 2011 © 2011 - 2024 BTCC.com. All rights reserved