On the Ethereum blockchain, an ERC20 token is a standard for creating and issuing smart contracts.
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On the Ethereum blockchain, an ERC20 token is a standard for creating and issuing smart contracts.
On the Ethereum network, there are groups of 'fungible' digital tokens called ERC-20 tokens. When a collection of tokens is fungible, it indicates that each token is identical to every other token in the set. The Ethereum network now supports the creation of custom tokens thanks to the ERC-20 token standard. It has made it simpler for businesses to create blockchain goods rather than creating their own coin.