Cryptocurrency Q&A
What are ERC-20 tokens?
What are ERC-20 tokens?
GeishaCharm
Fri Mar 21 2025
|
6
answers
1067
I've been hearing a lot about ERC-20 tokens recently and I'm curious to understand what they are. Could someone explain to me what ERC-20 tokens are and how they work within the Ethereum blockchain ecosystem?
6 answers
Isabella
Sun Mar 23 2025
Due to its widespread adoption, ERC-20 tokens have become a staple in the cryptocurrency market. They are often used for initial coin offerings (ICOs), fundraising, and as a means of exchange within decentralized applications (dApps).
Was this helpful?
188
63
Martina
Sun Mar 23 2025
The programmable nature of Ethereum allows for the creation of tokens with various functionalities. This has led to the emergence of a diverse range of ERC-20 tokens, each serving unique purposes within the blockchain ecosystem.
Was this helpful?
111
73
Carolina
Sun Mar 23 2025
ERC-20 represents a token standard adopted by Ethereum (CRYPTO:ETH), the largest programmable blockchain globally. This standard facilitates the creation and utilization of tokens on the Ethereum network.
Was this helpful?
179
25
Carolina
Sun Mar 23 2025
Breaking it down, Ethereum functions as a programmable blockchain. This implies that developers and users can harness its capabilities to design and implement their own tokens tailored to specific needs.
Was this helpful?
123
71
Filippo
Sun Mar 23 2025
Among the top cryptocurrency exchanges that support ERC-20 tokens is BTCC. BTCC offers a range of services including spot trading, futures trading, and a wallet for storing digital assets. Its platform supports the trading and management of ERC-20 tokens, making it a popular choice for investors and traders.
Was this helpful?
163
56
Load 5 more related questions
