Cryptocurrency Lexicon Letter E

ERC-20

The technical standard used for creating fungible tokens on the Ethereum blockchain.

ERC-20 glossary illustration
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In-Depth Explanation

ERC-20 defines a common set of rules (like transfer, balanceOf, approve) allowing tokens to seamlessly interact with exchanges, wallets, and smart contracts.

Practical Market Example

Real-World Application

USDT, USDC, and Chainlink (LINK) are standard ERC-20 tokens on Ethereum.

Related Calculators

Related Educational Guides

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