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ABI Decoder Mini-game

๐Ÿช™ ERC20 Tokens: Fungible Assets on Ethereum

Discover the standard that powers USDT, USDC, and thousands of tokens

๐Ÿ’Ž ERC20 Token Standard

ERC20 is the most widely adopted token standard on Ethereum. It defines a common interface that ensures all tokens work seamlessly with wallets, exchanges, and dApps.

What Makes ERC20 Special?

Before ERC20, every token implemented its own interface. This meant wallets and exchanges had to write custom code for each token. ERC20 solved this by creating a universal standardโ€”like USB ports for blockchain tokens.

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Interoperability

Any wallet supporting ERC20 can hold any ERC20 token. MetaMask, Ledger, and hundreds more work out of the box.

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Exchange Integration

Exchanges can list new tokens immediately because they already know how to interact with the standard interface.

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DeFi Ready

Protocols like Uniswap and Aave support any ERC20 token automatically, enabling instant trading and lending.

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Easy to Deploy

Launch tokens in minutes using battle-tested templates like OpenZeppelin's ERC20 implementation.

๐ŸŽฏ Interactive: ERC20 Feature Explorer

Explore the core features that make ERC20 tokens powerful:

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Transfer Tokens

transfer(address to, uint256 amount)

Send tokens directly from your wallet to another address

Use Case
P2P payments, sending tokens to friends
Gas Cost
~45,000 gas
Example
Alice sends 100 USDC to Bob

Real-World Impact

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Stablecoins

USDC, USDT, and DAI are all ERC20 tokens with billions in daily trading volumeโ€”the backbone of crypto payments.

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DeFi Governance

UNI, AAVE, and COMP let holders vote on protocol changesโ€”decentralized governance made possible by ERC20.

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Utility Tokens

LINK powers oracle services, BAT rewards browser users, GRT enables blockchain queriesโ€”all standardized as ERC20.