Category: Standards

What is ERC-20?

Summary Definition: The standard Ethereum interface for fungible, interchangeable smart contract tokens.

Detailed Technical Explanation

Ethereum Request for Comments 20 defines a set of common rules (e.g. totalSupply, balanceOf, transfer, approve) allowing diverse smart contracts and wallets to interact with fungible tokens seamlessly.

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Related Standards Terms

ERC-1155

A multi-token standard for managing both fungible and non-fungible assets within a single...

ERC-721

The standard Ethereum interface for non-fungible, unique cryptographic tokens (NFTs).

NFT

Non-Fungible Token: a cryptographically unique digital asset stored on a blockchain.

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