ERC-20

ERC-20 is a standard protocol for creating and managing smart contracts on the Ethereum blockchain. It was created to facilitate the development of decentralized applications and token projects on the Ethereum network. ERC-20 stands for Ethereum Request for Comments 20 and is a technical standard used for tokens that run on the Ethereum blockchain. This standard defines a set of rules and guidelines that a token must follow to be considered an ERC-20 token. These rules ensure that different tokens can work seamlessly with each other on the Ethereum network, making it easy for developers to build and maintain decentralized applications and facilitate the exchange of tokens. ERC-20 tokens are widely used in the cryptocurrency industry and have become the backbone of many blockchain-based startups and projects.