Step by Step Guide: How To Create Your Own Ethereum ERC-20 Token - Blockonomi
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ERC-20 is a technical standard used for smart contracts on the Ethereum blockchain for implementing tokens. To keep it simple, ERC-20 is a guide of rules and regulations that will help create a blueprint for Ethereum-based smart contracts to create their tokens.
A token on Ethereum is basically just a smart contract that follows some common rules — namely it implements a standard set of functions that all other token contracts share, such as transferFrom(address _from, address _to, uint256 _tokenId) and balanceOf(address _owner). When an exchange adds a new ERC-20 token, really it just needs to add another smart contract it talks to.
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