Cryptocurrency Q&A
Why is it called ERC20?
Why is it called ERC20?
CryptoWizardry
Mon May 13 2024
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7 answers
1766
Could you enlighten me on the naming convention behind ERC20? I've been hearing this term frequently in the cryptocurrency circles, but I'm still hazy about its origin. Is it related to some specific features or functionalities of these tokens? Or perhaps, does it have a historical significance? I'm really curious to know more about it. I've read about the technical specifications and the way it interfaces with the Ethereum blockchain, but the naming itself still remains a mystery to me. Would you mind explaining it to me?
7 answers
KpopHarmonySoul
Tue May 14 2024
ERC-20 is a technical standard.
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EnchantedSky
Tue May 14 2024
Fabian Vogelsteller proposed it in 2015.
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BitcoinBaron
Tue May 14 2024
It's used on the Ethereum Blockchain.
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Maria
Tue May 14 2024
Developers can create their own tokens on this blockchain.
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CryptoQueen
Tue May 14 2024
They need to adhere to the ERC-20 standard.
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