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What Are ERC-20 Tokens?

The language standard that made Ethereum the most popular ICO platform

ERC20 is Ethereum’s technical token standard used for smart contracts within the whole Ethereum blockchain ecosystem. It provides a set of rules that every developer has to implement for their tokens to be bought, sold, or traded within the Ethereum ecosystem. ERC-20 designed tokens, thus, can represent a plethora of digital assets from IOUs, vouchers, and even tangible objects or real estate properties. The simplicity of the token contract implementation made cryptocurrency rise in popularity among crowdfunding-based companies through the Initial Coin Offering, or ICO.

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Conclusion

The beautiful thing about the Ethereum community is that you are free to go independent and create your own blockchain once you are successful.

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