There is a number of Cryptocurrencies which are categorized as ‘ERC-20 tokens’.
ERC-20 tokens are used and managed on the Ethereum platform.
For Cryptocurrencies to be the ERC-20 tokens, they must follow a list of standards so that they can be shared, exchanged for other tokens on the platform.
What is good about ERC-20?
Each Cryptocurrency platform and blockchain do not interact, unless they use the same code and programming language.
ERC-20 has created a universal standard, so different digital-currencies can be put on an exchange or transferred to a wallet automatically.
Ethereum’s ERC-20 makes transactions within the Cryptocurrency market more simple.
(Forex Broker)
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April 24, 2024
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