ERC-20

Standard for fungible tokens on Ethereum and other EVM-compatible blockchains.

What is it? - Dummies

It's a type of digital token that you can divide and exchange as if they were coins. Many tokens work with this model.

What is it? - PRO

ERC-20 is an interface standard for fungible tokens on Ethereum. Defines a basic set of functions (such as Transfer, Approve, Balance of) to ensure interoperability with exchanges, wallets and other contracts.

Key points

Fungible: All tokens are the same.

Interoperable with most wallets.

Base for most stablecoins and DeFi tokens.

Sales and disadvantages

Advantages

Wide adoption and support.

Simplicity and efficiency.

Compatible with multiple tools.

Disadvantages

Limited to homogeneous assets.

Risk if functions such as Approve.

Related Concepts

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