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What is ERC-20?

“Ethereum Request for Comments 20,” more commonly known as ERC-20, is a technical standard used to implement smart contracts 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: from wallets to decentralized exchanges. The full ERC-20 standard can be found here:

Tokens created under this standard are known as ERC-20 tokens. As of September 16, 2019, a total of 213,732 ERC-20 compliant tokens were found on Ethereum network.

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