ERC stands for 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 Request for Command, and ERC-20ERC-20 is an extension of the ERC protocol and defines a set of rules that all Ethereum tokens must follow,... Read More is one of the most widely used tokenTokens and Coins are often erroneously regarded as interchangeable terms. However, while both Tokens and Coins share technical similarity, tokens... Read More standards in Ethereum to create fungible, exchangeable tokens. ERC-20 tokens can work with the majority of 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 standard. With ERC-20, existing products will not have to worry about accepting tokens that have different standards and this has helped spur development of 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. Most tokens that have been released as a result of initial coinA digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by... offerings (ICOs) are of the ERC-20 standard.
