ERC-20: The Golden standard for Fungible tokens on the Ethereum Blockchain
The ERC-20 remains the golden standard for fungible tokens in the Ethereum Blockchain. The ERC-20 and ERC-721 are essential to trade in the NFT marketplace. So, let’s understand these two tokens on the Ethereum Blockchain.
What is ERC-20?
ERC-20 refers to fungible tokens on the Ethereum blockchain. More specifically, ERC-20 is the technical standard for creating fungible tokens on the Ethereum blockchain. It is a framework for how fungible tokens must be created and managed on the blockchain.