ERC-20
ERC-20 is a widely adopted standard for creating fungible tokens on the Ethereum blockchain. Fungible tokens are identical and interchangeable, making ERC-20 suitable for representing assets like currencies, points, or shares. The standard defines a set of functions that enable seamless interaction between tokens and decentralized applications (dApps), ensuring compatibility and interoperability within the Ethereum ecosystem.
For developers, implementing the ERC-20 standard simplifies token creation and integration, as it provides a clear template for essential functionalities such as transferring tokens, checking balances, and approving token spending. Adhering to this standard ensures that new tokens can seamlessly interact with existing infrastructure, including wallets, exchanges, and dApps.