noun
Internet Slang
ERC-20
ee-ar-see TWEN-tee · noun · informal
The Ethereum standard for fungible tokens.
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Definitions
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The token standard for fungible, interchangeable tokens on Ethereum — the format used by most cryptocurrencies and project tokens.
“The reward token is a basic ERC-20.”
by community
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ERC-20 In A Sentence
The reward token is a basic ERC-20.
Origin & Usage
Ethereum Request for Comments #20, the fungible-token standard.
Variants
ERC20
People Also Ask
What is an ERC-20 token?
It's a fungible, interchangeable token built to Ethereum's ERC-20 standard, the format used by most cryptocurrencies and project reward tokens.
What does fungible mean for ERC-20 tokens?
Fungible means every unit is identical and interchangeable, so one token is worth exactly the same as any other of the same type.
How is ERC-20 different from ERC-721?
ERC-20 tokens are interchangeable and used like currency, while ERC-721 tokens are unique NFTs where each one is distinct.
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