ERC-20
Tokens are a subset of Distributed Ledger Technology (DLT) Layer 2 Digital Assets, built on top of an existing blockchainA blockchain is a shared digital ledger, or a continually up... More system. “Ethereum Request for Comments 20,” more commonly known as ERC-20 tokensERC-20 tokens are a subset of Distributed Ledger Technology ... More, are a type of Token. ERC-20 tokens represent a technical standard used to implement smart contractsA smart contract is a computer protocol intended to digitall... More that create the API for tokens on the Ethereum blockchain. Adhering to this standard allows tokens on Ethereum to be re-used by other applications (e.g., wallets or decentralized exchanges.) The full ERC-20 standard can be found here: https://eips.ethereum.org/EIPS/eip-20