Difference between revisions of "ERC20"
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For example, an ERC-20 Token acts just like the ETH, meaning that 1 Token is and will always be equal to all the other Tokens.<ref>https://ethereum.org/en/developers/docs/standards/tokens/erc-20/</ref> | For example, an ERC-20 Token acts just like the ETH, meaning that 1 Token is and will always be equal to all the other Tokens.<ref>https://ethereum.org/en/developers/docs/standards/tokens/erc-20/</ref> | ||
== Functionalities == | |||
* transfer tokens from one account to another | * transfer tokens from one account to another | ||
* get the current token balance of an account | * get the current token balance of an account | ||
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* approve whether an amount of token from an account can be spent by a third-party account | * approve whether an amount of token from an account can be spent by a third-party account | ||
== Sources == | |||
<references /> | <references /> | ||
Revision as of 21:50, 21 April 2022
The ERC-20 introduces a token standard for Fungible Tokens, in other words, they have a property that makes each Token be exactly the same (in type and value) of another Token.
For example, an ERC-20 Token acts just like the ETH, meaning that 1 Token is and will always be equal to all the other Tokens.[1]
Functionalities
- transfer tokens from one account to another
- get the current token balance of an account
- get the total supply of the token available on the network
- approve whether an amount of token from an account can be spent by a third-party account