ERC20 token

One of the major concepts that govern a large portion of the crypto-space, and which is especially relevant to smart contracts Smart contracts are simply programs stored on a blockchain that run when predetermined conditions are met.Learn more and smart property, is what is known as the ERC20 token standard.

“ERC20” refers to a scripting standard used within the EthereumEthereumethereum (ETH)2$ 1,586.710.15%1h-0.14%24h1.09%7ddetails blockchain. This technical standard dictates a number of rules and actions that an Ethereum token or smart contract must follow and steps to be able to implement it.

Smart contracts can then be used to create smart property or tokenized assets that people can invest in. ERC stands for “Ethereum request for comment,” and the ERC20 standard was implemented in 2015.

Plenty of well-known digital currencies use the ERC-20 standard, including MakerMakermaker (MKR)34$ 1,342.320.15%1h0.14%24h12.72%7ddetails (MKR), Basic Attention TokenBasic Attention Tokenbasic-attention-token (BAT)104$ 0.1691370.43%1h-2.22%24h0.42%7ddetails (BAT), AugurAuguraugur (REP)741$ 0.593131-0.18%1h-16.51%24h-17.49%7ddetails (REP), and OMG NetworkOMG Networkomg (OMG)306$ 0.4404590.17%1h-1.37%24h1.76%7ddetails (OMG).