The Ethereum platform is today a key network in the global cryptocurrency system.

1. ERC20 tokens on the
Ethereum platform
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2. ERC20 tokens on the Ethereum platform
The Ethereum platform is today a key network in the global
cryptocurrency system.
With its help, you can implement a variety of additional networks to
implement the most revolutionary projects.
About a year after the release of Ethereum (2014),
programmer Vitalik Buterin presented the first token
that meets all the standards of this “money substitute”
in the cryptocurrency industry. Subsequently, this
token was transformed into the ERC20 token
development standard.

3. The versatility of the ERC-20 standard
This option will allow you to predict with a high degree
of probability how the token will function.
The ERC-20 standard optimizes the involvement of
tokens in new projects and ensures cross-chain
compatibility between applications.
ERC-20 tokens are regulated by a number of rules on the Ethereum
platform, which all tokens on this blockchain are required to follow.

4. Main functions
In the Ethereum ecosystem, smart contracts are capable of
recognizing and processing a list of six core functions of the ERC-20
standard.
They contain basic capabilities - methods of transferring tokens,
information about them, etc.
In addition, the ERC-20 standard distributes two different
signals used by each token; other tokens react to them.
ERC-20 is very different from ether, the rules for which
are strictly defined in the Ethereum protocol.

5. Application of tokens
create ERC20 tokens are essentially smart contracts on the
Ethereum platform. In this case, tokens can take the form of digital
assets.
The use of tokens is very extensive. Some areas worth highlighting:
Your own cryptocurrency for applications
Possibility of voting
Tokenized assets
Staking

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