The Ethereum token

ERC-20 is one of the most important Ethereum token standards. Since the entire network operates with tokens, its role has now transitioned into being a technical standard used for all smart contracts for token implementation.

The use of ERC-20

Ethereum has not only implemented the use of tokens, but is also based on them. They can be bought, traded or sold. ERC-20 is useful for the blockchain and its development, as it increases demand for Ether and specifies a generic list of rules that all Ethereum tokens must adhere to.