Crypto Basics | What Exactly Is ERC-20?
Because the interface is standardized, wallets and exchanges can recognize new tokens without having to add support for each one individually.
It costs very little to launch an ERC-20 token, and anyone can make up a name and ticker symbol, so identify tokens by their contract address—not just by their name.
ERC-20 tokens are issued on Ethereum. Each transfer requires $ETH to pay for gas. Current: 2356.29.
Understanding the rules helps you make more informed decisions; it’s not a way to predict market movements.
Because the interface is standardized, wallets and exchanges can recognize new tokens without having to add support for each one individually.
It costs very little to launch an ERC-20 token, and anyone can make up a name and ticker symbol, so identify tokens by their contract address—not just by their name.
ERC-20 tokens are issued on Ethereum. Each transfer requires $ETH to pay for gas. Current: 2356.29.
Understanding the rules helps you make more informed decisions; it’s not a way to predict market movements.