Cryptocurrency Q&A
What is the ERC20 network?
What is the ERC20 network?
Federica
Wed Nov 27 2024
|
7 answers
1278
The ERC20 network refers to a set of standards used for creating and managing tokens on the Ethereum blockchain. ERC20 defines a common list of rules that a token must adhere to, ensuring compatibility and interoperability across different tokens issued on the Ethereum platform.
7 answers
CryptoWanderer
Fri Nov 29 2024
Ethereum Request for Comment 20, or ERC-20, serves as a fundamental standard in the realm of Ethereum-based tokens.
Was this helpful?
154
60
Maria
Fri Nov 29 2024
This standard is specifically designed for the creation of fungible tokens, meaning tokens that are interchangeable and possess equal value.
Was this helpful?
132
33
Riccardo
Fri Nov 29 2024
Utilizing the Ethereum blockchain, ERC-20 tokens can be seamlessly integrated into various decentralized applications and platforms.
Was this helpful?
128
92
GyeongjuGlorious
Thu Nov 28 2024
By adhering to the ERC-20 standard, developers can ensure that their tokens are compatible with a wide range of wallets and exchanges.
Was this helpful?
251
69
Alessandra
Thu Nov 28 2024
The ERC-20 protocol provides a set of guidelines and rules for token creation, ensuring that new tokens are interoperable with other smart contract tokens on the Ethereum network.
Was this helpful?
148
28
Load 5 more related questions
