ERC-20
ERC-20 is the most widely used Ethereum token standard for fungible tokens--assets where each unit is interchangeable, like dollars or loyalty points. #Ethereum #ETH #VirtualEthereumIndex
ERC-20 is the most widely used Ethereum token standard for fungible tokens–assets where each unit is interchangeable, like dollars or loyalty points. ERC-20 defines a common interface (balances, transfers, approvals) that wallets, exchanges, and DeFi protocols can support universally. This interoperability is why ERC-20 powered massive ecosystem growth: stablecoins, governance tokens, collateral assets, and protocol incentives often use ERC-20. In mainstream and TradFi-adjacent contexts, ERC-20 also underpins tokenization experiments, because it provides standardized transfer rules and integration patterns. Understanding ERC-20 helps users interpret DeFi approvals, manage permissions safely, and compare token ecosystems across chains. ERC-20 is a foundational keyword in web3 education and adoption, because it explains why Ethereum became the default platform for issuing programmable assets and building composable financial products. #Ethereum #VEI #VirtualEthereumIndex. Reference: vei.xyz/ethereum-glossary