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ERC-20 Tokens

Definition

ERC-20 tokens are fungible digital assets built on the Ethereum blockchain that adhere to a specific technical standard. This standard defines a common set of rules for token functions, allowing them to interact seamlessly with other applications and wallets within the Ethereum ecosystem. ERC-20 tokens represent a wide array of digital assets, including utility tokens, stablecoins, and governance tokens. Their interoperability has been a significant driver of decentralized finance.