ERC-20 Token

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ERC-20 refers to the token standard of the Ethereum (ETH) network. Several tokens have adopted the versatile standard and the cryptocurrency market is replete with ERC-20 tokens. More popular ones includes Basic Attention Token (BAT), Maker (MKR), Augur (REP), OmiseGO (OMG) and Ziliqa (ZIL). Tens of thousands of ERC-20 tokens exist on the Ethereum mainnet.

ERC-20 tokens do not have their own blockchain, instead running on the Ethereum mainnet. When a token is referred to as an ERC-20 token, what is actually being referred to is the fact that the tokens follow the ERC-20 protocol standard. This protocol is a set of rules and communication standards that enables the use of smart contracts. To a degree, this standard lays a common foundation for these tokens, which allows for multiple tokens to run on the Ethereum network. Without going too much into detail, the ERC-20 standard defines six different mandatory functions within the Ethereum ecosystem, and three optional ones.

The benefits of having a common standard include better smart contract security, a commonality in the tech, and quicker and more convenient token implementation.

The proliferation of the ERC-20 standard has led to the creation of other standards, such as TRON’s TRC 10 and TRC 20 standards. Each comes with its own rules that have been adapted to suit its network.

The Ethereum Token Standard: What Are ERC-20 Tokens?

24 Oct 2022 7 minute read 7 comments StealthEX

As we mentioned before, there’re different types of blockchains. Depending on their category, they can have a variety of tokens attached to them. In this article, we will further explore the ERC-20 tokens standard and take a look at some of them.  Wh...

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9 Oct 2022 2 minute read 0 comments MikeZillo

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2 Oct 2022 3 minute read 1 comment MikeZillo

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How To Create an ERC-20 Token on Ethereum (ETH): GetBlock’s Step-by-Step Manual

19 Sep 2022 4 minute read 1 comment GetBlock

The team at GetBlock describes the quickest method for creating ERC20 tokens in this short guide. As the most popular token standard on the Ethereum blockchain, implementing the Ethereum Virtual Machine or EVM is usually the first step when creating...

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31 Aug 2022 3 minute read 0 comments iCryptobeing

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11 Aug 2022 5 minute read 0 comments Ari King

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7 Jul 2022 6 minute read 0 comments BruceTheGoose

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Presearch Is Rolling Out A New Web3 Withdrawal System

3 Jul 2022 2 minute read 12 comments Cryptonator`s

Presearch is a decentralized search engine that rewards you with $PRE tokens for searching the web. $PRE is an ERC20 token and since Ethereum gas fees had become quite high, withdrawing from Presearch was quite a hassle. This has now changed as Prese...

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4 Jun 2022 1 minute read 0 comments LeftFooted

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25 May 2022 1 minute read 0 comments LeftFooted

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