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Cryptocurrency Q&A What is the purpose of ERC-20?

What is the purpose of ERC-20?

ZenBalanced ZenBalanced Thu Nov 07 2024 | 6 answers 742
The purpose of ERC-20 is to provide a standard for creating interchangeable tokens on the Ethereum blockchain. It ensures consistency and compatibility among tokens, simplifying transactions and enabling seamless interaction between various applications and services within the Ethereum ecosystem. What is the purpose of ERC-20?
erc-20 purpose cryptocurrency standard

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Related questions

  1. Which wallet support ERC-20?
  2. How do I add ERC-20 tokens?
  3. Is Polygon an ERC-20 token?

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