Enrich your dictionary with important cryptocurrency terms.
It is a token format in the Ethereum network. Most tokens in circulation today run on this standardized format. ERC-20 tokens can be sent to the same Ethereum wallet and are easily interchangeable. But when posting, you need to ensure the exchange supports a particular token. Because if not, you may lose your ERC-20 tokens.
Ethereum is currently the second most valuable cryptocurrency. Ethereum enables you to create smart contracts or ERC-20 tokens on its blockchain network.