BlockchainBeginner#Standard#Tech
ERC-20
E
Definicion
The technical standard used for all smart contracts on the Ethereum blockchain for fungible token implementation.
Verificado por CryptoLV Alpha
Concept Diagram
Puntos Clave
1
ERC-20 is the universal standard for fungible tokens on Ethereum ensuring wallet and DEX compatibility
2
All ERC-20 tokens share 6 core functions like transfer, balanceOf, and approve enabling instant integration
3
Standards prevent liquidity fragmentation across the DeFi ecosystem
4
Without ERC-20 every new project would need custom infrastructure from scratch
Ejemplo Practico
USDT, LINK, and UNI are all ERC-20 tokens - you can send, receive, and trade them in any Ethereum wallet like Metamask without needing special integration.
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Terminos Relacionados
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ERC-721The free, open standard that describes how to build non-fungible tokens (NFTs) on the Ethereum blockchain.
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EVM (Ethereum Virtual Machine)The software platform that developers use to create decentralized applications and execute smart contracts on the Ethereum network.
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Governance TokenA cryptocurrency that allows its holders to vote on decisions that govern the development and operation of a blockchain project.
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Smart ContractA self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code.
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