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ERC-20

What does ERC-20 mean in crypto terms?

ERC-20 is a technical standard for implementing tokens on the Ethereum blockchain. It defines a common set of rules that Ethereum tokens must adhere to, allowing developers to accurately predict interaction between tokens. This standard ensures interoperability, making it easier for developers to integrate new tokens within existing systems, like wallets and exchanges. ERC-20 tokens are widely used in the cryptocurrency community for a variety of purposes including voting rights within a network, as a representation of ownership, and as a medium of exchange.

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