What is ERC-20
- ERC-20 is Ethereum token standard used for Ethereum token smart contracts. Developed in 2015, ERC-20 defines a common list of rules that an Ethereum token has to implement. ERC-20 token became popular with crowdfunding projects via Initial Coin Offering (ICO).
- ERC20 is a standard developed after the release of ETH that defines how tokens are transferred and how to keep a consistent record of those transfers among tokens in the Ethereum Network.