ERC20s
ERC-20 is a technical standard used for fungible tokens on the Ethereum blockchain. It defines a common interface that allows tokens to be interacted with by wallets, exchanges, and smart contracts in a predictable way. This interoperability is a key feature that enables diverse ecosystems of tokenized assets to operate together.
The standard specifies a set of functions and events that token contracts must implement. Mandatory functions
How it works in practice: a token contract implementing ERC-20 maintains balances for addresses and enforces
Applications and considerations: ERC-20 tokens are widely used for fungible assets, including many stablecoins and DeFi