ERC-20 Definition - Glossary

ERC-20 is a standard for creating tokens on the Ethereum blockchain. It ensures compatibility and interoperability.

ERC-20 is a technical standard used for creating and issuing tokens on the Ethereum blockchain. This standard outlines a set of rules and functions that Ethereum-based tokens must follow, ensuring they can interact seamlessly with each other and with Ethereum-compatible wallets and platforms. ERC-20 tokens are fungible, meaning each token is identical in type and value. This standardization simplifies token exchanges, wallet integration, and smart contract interactions. Most of the tokens on the Ethereum network, such as stablecoins and utility tokens, are built using the ERC-20 standard.