First proposed in 2015, the ERC-20 is a standard for fungible token creation on the Ethereum blockchain. There are hundreds of thousands of ERC-20 compatible tokens.
On the Ethereum blockchain, many tokens operated differently from one another. ERC-20 solved this problem by creating rules for token functionality and providing a template for token creation using an API and smart contract technology. The ERC-20 standard simplified the exchange of tokens across the Ethereum blockchain and impacted the whole cryptocurrency market.
Q: What is a ERC-20 Token?
A: is a standard for fungible token creation on the Ethereum blockchain or set of rules that make it easier for contracts to interact
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