ERC-20ERC stands for Ethereum Request for Command, and ERC-20 is one of the most widely used token standards in Ethereum... Read More 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 an open-ended, decentralized, blockchain-based, public software platform that facilitates peer-to-peer contracts, known as Smart Contracts, as well as... Read More tokens must follow, making it easier for developers to create and audit tokenTokens and Coins are often erroneously regarded as interchangeable terms. However, while both Tokens and Coins share technical similarity, tokens... Read More projects. ERC-20 allows for the creation of fungible tokens. This compatibility with most decentralized applicationsApplications that run on decentralized peer-to-peer networks such as Ethereum. Ethereum is one of the most popular platforms for developers... Read More 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 decentralizedDecentralization, an aspect of blockchain technology, facilitates power or authority distribution among individuals, groups, or institutions. A decentralized structure allows... Read More applications within the Ethereum ecosystem. The majority of ICOs (initial coinA digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by... offerings) release ERC-20-compliant tokens.
