ERC-20 Token

303 Articles 15 Followers

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...

E&S: WBTC, Do More With Your Bitcoin

9 Oct 2022 2 minute read 0 comments MikeZillo

Hi Publish0x community! Welcome back in this new article of my “Easy & Short Cryptocurrencies Made Accessible” area. In this article we talk about more features of Wrapped Bitcoin! In the last E&S article I introduced you Wrapped Bitcoin (WBTC) and I...

E&S Token Review: Wrapped Bitcoin (WBTC)

2 Oct 2022 3 minute read 1 comment MikeZillo

Hello Publish0x community and welcome back in this new article of my “Easy & Short Cryptocurrencies Made Accessible” area. With this article we are going to introduce the 47th cryptocurrency of this section with the 100th “E&S” article. We are almost...

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...

How will the "Merge" affect ERC20 Tokens?

31 Aug 2022 3 minute read 0 comments iCryptobeing

Question: How will the "Merge" affect ERC20 Tokens? Honestly, the answer to this question was not as simple as I thought it would be.  In order to answer this question,  we need to understand  a few things.   #1 Key Terminology- EIP's EIP- Etherum I...

The Journey Ahead After 90%+ Drops | Looking Beyond The Charts

11 Aug 2022 5 minute read 0 comments Ari King

Open in browser The Journey Ahead Thoughts on crypto and what lies ahead for our projects as we continue to grow our users and build during the bear market. Riaru Tochi Aug 11 For anyone who is or was new to crypto - you can now safely say you ha...

$DOWN Q2 Recap

7 Jul 2022 6 minute read 0 comments BruceTheGoose

  The Bad News (and why it’s actually good news) At this point, there’s no denying that we’re deep in the throes of a crypto-winter, and that for all of us who didn’t panic-sell our bags and seek greener pastures elsewhere, we’re all down pretty bad....

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...

FALLING DOWN on all that I've ever known

4 Jun 2022 1 minute read 0 comments LeftFooted

Falling down is an amazing song by the Oasis and it is also what YNG, Young Platform's utility token, is doing. I'm not surprised, to be frank. This was the most predictable thing since Real Madrid's UCL win. Real Madrid almost always win knockout g...

YNG token sale over, what now?

25 May 2022 1 minute read 0 comments LeftFooted

A few months ago, I was looking for a decent get-paid-to-walk app and happened upon Young Step / Young Platform. In short, the Step app is the one that pays you to walk, learn things about crypto and participate in challenges, while the Platform app...