ERC-20 Token Overview
When working with ERC-20 token, the most widely used fungible token standard on the Ethereum blockchain. Also known as Ethereum token standard, it lets developers launch interchangeable assets without building a new blockchain from scratch. This standard defines six core functions – totalSupply, balanceOf, transfer, transferFrom, approve, and allowance – ensuring any wallet or exchange can read and move the token reliably. In short, ERC-20 token is the foundation that makes token swaps, ICOs, and a‑lot‑more possible with just a few lines of code.
Key Building Blocks Around ERC-20 Tokens
The power of ERC-20 tokens comes from smart contract, self‑executing code that runs on Ethereum and enforces the token rules. A smart contract encodes the token’s supply limits, transfer logic, and ownership rights, so no central party can alter the ledger. Next, tokenomics, the economic model that describes a token’s issuance, distribution, and incentive structure, determines how valuable the ERC-20 token can become. Poor tokenomics – like unlimited minting or hidden fees – quickly erode trust, while well‑designed tokenomics attract investors and fuel network effects. Finally, DeFi, decentralized finance platforms that use ERC-20 tokens for lending, borrowing, and trading, relies on both smart contracts and solid tokenomics to provide liquidity and automate market actions without intermediaries.
Putting it all together, the ERC-20 standard encompasses smart contracts that enforce token rules, requires clear tokenomics to sustain value, and enables DeFi applications to create new financial services. That’s why you’ll see ERC-20 tokens behind everything from stablecoins and governance coins to meme tokens and utility assets. Below you’ll find a hand‑picked collection of articles that dive deeper into specific ERC-20 projects, exchange reviews, airdrop guides, and regulatory updates – all designed to help you navigate the ecosystem with confidence.
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