logo

ERC-20

Intermediate

ERC-20 is a technical standard for creating tokens on the Ethereum blockchain. It defines a set of rules and functions that any Ethereum token must follow, such as transfer, approval, and balance tracking. This standardisation ensures compatibility with wallets, decentralised exchanges, and other smart contracts. Most initial coin offerings (ICOs) and DeFi tokens are built using the ERC-20 standard. Its simplicity and efficiency have made it one of the most widely adopted token formats in the crypto space. For developers, ERC-20 provides a reliable framework for building fungible tokens, while for users, it guarantees usability across platforms.

Related Words

Exchange

An exchange is a platform where users can buy, sell, or trade cryptocurrencies. It can be centralised (e.g., Binance) or decentralised (e.g., Uniswap), each with different features and levels of control.

Encryption

Beginner

Encryption is a method of converting readable information into a secure format using cryptographic techniques. It safeguards wallets, private keys, and transaction data from unauthorised access.

logo
We accept
visa
mastercard

Our Certifications
aicpa.svgiso.svgcer.svghacken.svghashlock.svg
Community
twitter
telegram
facebook
instagram
youtube
linkedin
coingecko
coinmarketcap

Trading in Virtual Assets involves significant risk, including the potential loss of your entire capital. None of our communications are intended to provide investment, legal, or financial advice, nor to induce you to trade in such instruments. You should assess your risk tolerance and seek independent expert financial advice before trading. You must ensure that your use of BitDelta’s services complies with all applicable laws and regulations, as further detailed in our Terms and Conditions. Please carefully review our Terms and Conditions, Risk Disclosure Statements, and Security and Privacy Policies to understand the risks involved and the limitations on our liability before using our services.​
Version 8.0.14