🔍 ERC-20 on Ethereum: What Is It and Why Does It Matter?The ERC-20 standard is the foundation for most tokens on Ethereum, and here?s why it?s so popular:
1. Simple and straightforward: ERC-20 is a set of rules that lets tokens interact easily with wallets and exchanges on Ethereum. Think of it as a universal language for tokens!
2. A trusted standard: Proposed by Fabian Vogelsteller and Vitalik Buterin in 2015, ERC-20 remains a go-to choice for new tokens today.
3. Pros and cons: Creating tokens with ERC-20 is easy, though the standard has some limits for more complex operations.
4. Where to store ERC-20 tokens? Whether you prefer mobile wallets or cold storage, ERC-20 tokens are supported almost everywhere!
ERC-20 is the key to decentralized finance. Want to learn how to store and manage your tokens safely? Quppy Wallet is here to keep you a step ahead! 🚀
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