What is the ERC20 token?


The ERC20 token simply refers to the blockchain-based assets that can be transmitted and received similar to Litecoin, bitcoin, and other cryptocurrencies in certain ways. The key role of ERC20 tokens is to interact with smart contracts and provide a set of rules that every token on the Ethereum network should abide by ERC20 token standard has made token interaction smooth and will lead to easy token implementation, fast transactions, quick fundraising chances, etc. And so, many businesses have now started to invest in ERC20 token development to create their own ERC20 tokens for their businesses.


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