Keywords

• ERC20
• EVM address

The term ERC20 stands for Ethereum Request for Comment 20, and it is a standard implemented for fungible tokens created on top of the Ethereum blockchain.

A fungible token or asset stores value in it and is divisible, interchangeable, and non-unique. For example, 1 ETH will have the same value of another ETH, 1 SHIB will have the same value of another SHIB, and 1 USD will have the same value of another USD, no matter where it is issued.

ERC20 tokens, thus, are all tokens created based on Ethereum that follow this standard, which allows developers to build token applications that are interoperable with other products and services in the same network.