coingecko (thumbnail mini)
Continue in app
Track prices in real-time
coingecko (thumbnail mini)
Continue in app
Track prices in real-time

ERC-20

By CoinGecko | Updated on Mar 03, 2020
ERC stands for Ethereum Request for Command, and ERC-20 is one of the most widely used token standards in Ethereum to create fungible, exchangeable tokens. ERC-20 tokens can easily work with majority of decentralized applications that support the standard. With ERC-20, existing products will not have to worry about accepting tokens that have different standards and this has helped spur development of various decentralized applications within the Ethereum ecosystem. Most tokens that have been released as a result of initial coin offers (ICOs) are of the ERC-20 standard.

Share this with a friend!

Related Terms

Ticker
A ticker is a stock or asset symbol that abbreviates the asset name and it can be used as an identifier of the asset.
Sharding
A form of database partitioning which breaks up data into smaller segments.
ROI
Short for “Return on Investment”, the ratio between the net profit and cost of investing.
Fear of Missing Out (FOMO)
Refers to the feeling of apprehension for missing out on a potentially profitable investment opportunity and regretting it later. Generally an expression describing investors' fear of missing out the good timing of buying cryptocurrencies that could eventually be profitable
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.