TECHNICAL CONCEPTS

ERC-20 (Ethereum Request for Comment 20)

Definition

ERC-20 is a technical standard for fungible tokens on the Ethereum blockchain. It defines a common interface that allows tokens to be easily integrated with wallets, exchanges, and other applications.

Example

💡 Example

USDC, DAI, UNI, and most DeFi tokens are ERC-20 tokens that follow this standard.

Risks to Consider

⚠️ Risks
  • Smart contract bugs
  • Token-specific risks
  • Approval exploits

Common Questions

Can I use ERC-20 tokens on other blockchains?

Not directly, but you can bridge them to other chains or use wrapped versions that follow other standards.

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