{"id":11061,"date":"2024-02-14T14:06:01","date_gmt":"2024-02-14T19:06:01","guid":{"rendered":"https:\/\/faisalkhan.com\/?page_id=11061"},"modified":"2024-02-14T14:06:08","modified_gmt":"2024-02-14T19:06:08","slug":"ethereum-request-for-comment-20-erc20-token","status":"publish","type":"page","link":"https:\/\/faisalkhan.com\/learn\/payments-wiki\/ethereum-request-for-comment-20-erc20-token\/","title":{"rendered":"Ethereum Request for Comment 20 (ERC20) Token"},"content":{"rendered":"\n<p>Ethereum Request for Comment 20, commonly known as ERC20, is a technical standard used for smart contracts on the Ethereum blockchain for implementing tokens. These tokens are blockchain-based assets that have value and can be sent and received. The standard defines a set of rules that apply to all ERC20 tokens, ensuring compatibility within the Ethereum ecosystem.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Where It Is Used<\/h3>\n\n\n\n<p>ERC20 tokens are primarily used on the Ethereum blockchain. They facilitate transactions involving digital assets and are used to create and issue smart contract-based tokens.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Why It Is Used<\/h3>\n\n\n\n<p>The ERC20 standard is used to ensure consistency and interoperability among tokens within the Ethereum blockchain. It simplifies the process of creating new tokens by providing a blueprint that developers can follow, making token integration easier for wallets, exchanges, and other smart contracts.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Who Uses It<\/h3>\n\n\n\n<div class=\"wp-block-stackable-icon-list stk-block-icon-list stk-block stk-e58d224\" data-block-id=\"e58d224\"><svg style=\"display:none\"><defs><g id=\"stk-icon-list__icon-svg-def-e58d224\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 190 190\"><polygon points=\"173.8,28.4 60.4,141.8 15.7,97.2 5.1,107.8 60.4,163 184.4,39 173.8,28.4\"\/><\/svg><\/g><\/defs><\/svg><ul class=\"stk-block-icon-list__ul stk-block-icon-list--column\">\n<li class=\"wp-block-stackable-icon-list-item stk-block-icon-list-item stk-block stk-c35d8d4\" data-block-id=\"c35d8d4\"><div class=\"stk-block-icon-list-item__content\"><span class=\"stk--svg-wrapper\"><div class=\"stk--inner-svg\"><svg aria-hidden=\"true\" width=\"32\" height=\"32\"><use xlink:href=\"#stk-icon-list__icon-svg-def-e58d224\"><\/use><\/svg><\/div><\/span><span class=\"stk-block-icon-list-item__text\">Developers creating new tokens or digital assets on the Ethereum blockchain.<\/span><\/div><\/li>\n\n\n\n<li class=\"wp-block-stackable-icon-list-item stk-block-icon-list-item stk-block stk-32c7f82\" data-block-id=\"32c7f82\"><div class=\"stk-block-icon-list-item__content\"><span class=\"stk--svg-wrapper\"><div class=\"stk--inner-svg\"><svg aria-hidden=\"true\" width=\"32\" height=\"32\"><use xlink:href=\"#stk-icon-list__icon-svg-def-e58d224\"><\/use><\/svg><\/div><\/span><span class=\"stk-block-icon-list-item__text\">Investors and traders dealing with a variety of tokens.<\/span><\/div><\/li>\n\n\n\n<li class=\"wp-block-stackable-icon-list-item stk-block-icon-list-item stk-block stk-7d3e940\" data-block-id=\"7d3e940\"><div class=\"stk-block-icon-list-item__content\"><span class=\"stk--svg-wrapper\"><div class=\"stk--inner-svg\"><svg aria-hidden=\"true\" width=\"32\" height=\"32\"><use xlink:href=\"#stk-icon-list__icon-svg-def-e58d224\"><\/use><\/svg><\/div><\/span><span class=\"stk-block-icon-list-item__text\">Cryptocurrency exchanges that list multiple tokens for trading.<\/span><\/div><\/li>\n\n\n\n<li class=\"wp-block-stackable-icon-list-item stk-block-icon-list-item stk-block stk-7b35ab9\" data-block-id=\"7b35ab9\"><div class=\"stk-block-icon-list-item__content\"><span class=\"stk--svg-wrapper\"><div class=\"stk--inner-svg\"><svg aria-hidden=\"true\" width=\"32\" height=\"32\"><use xlink:href=\"#stk-icon-list__icon-svg-def-e58d224\"><\/use><\/svg><\/div><\/span><span class=\"stk-block-icon-list-item__text\">Decentralized applications (DApps) that require tokens for their ecosystems.<\/span><\/div><\/li>\n<\/ul><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Who Issues It<\/h3>\n\n\n\n<p>Individual developers or organizations can issue ERC20 tokens by deploying a smart contract that adheres to the ERC20 standard on the Ethereum blockchain.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Who Regulates It<\/h3>\n\n\n\n<p>There is no central regulatory body for ERC20 tokens. However, the deployment and interaction with these tokens are governed by the immutable rules of the Ethereum blockchain. Regulatory compliance for specific uses of ERC20 tokens (e.g., in ICOs or token sales) falls under the jurisdiction of local financial regulatory bodies.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Top Usage<\/h3>\n\n\n\n<div class=\"wp-block-stackable-icon-list stk-block-icon-list stk-block stk-eeabd14\" data-block-id=\"eeabd14\"><ol class=\"stk-block-icon-list__ol stk-block-icon-list--column\">\n<li class=\"wp-block-stackable-icon-list-item stk-block-icon-list-item stk-block stk-fab0c0a\" data-block-id=\"fab0c0a\"><div class=\"stk-block-icon-list-item__content\"><span class=\"stk-block-icon-list-item__marker\" aria-hidden=\"true\"><\/span><span class=\"stk-block-icon-list-item__text\"><strong>Utility Tokens:<\/strong> Access to a specific blockchain-based service or platform.<\/span><\/div><\/li>\n\n\n\n<li class=\"wp-block-stackable-icon-list-item stk-block-icon-list-item stk-block stk-bc350fe\" data-block-id=\"bc350fe\"><div class=\"stk-block-icon-list-item__content\"><span class=\"stk-block-icon-list-item__marker\" aria-hidden=\"true\"><\/span><span class=\"stk-block-icon-list-item__text\"><strong>Governance Tokens:<\/strong> Voting rights within decentralized projects or DAOs.<\/span><\/div><\/li>\n\n\n\n<li class=\"wp-block-stackable-icon-list-item stk-block-icon-list-item stk-block stk-f9f321c\" data-block-id=\"f9f321c\"><div class=\"stk-block-icon-list-item__content\"><span class=\"stk-block-icon-list-item__marker\" aria-hidden=\"true\"><\/span><span class=\"stk-block-icon-list-item__text\"><strong>Stablecoins:<\/strong> Cryptocurrencies pegged to real-world assets like USD to reduce volatility.<\/span><\/div><\/li>\n<\/ol><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Pros and Cons<\/h3>\n\n\n\n<p><strong>Pros:<\/strong><\/p>\n\n\n\n<div class=\"wp-block-stackable-icon-list stk-block-icon-list stk-block stk-d2beac9\" data-block-id=\"d2beac9\"><svg style=\"display:none\"><defs><g id=\"stk-icon-list__icon-svg-def-d2beac9\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 190 190\"><polygon points=\"173.8,28.4 60.4,141.8 15.7,97.2 5.1,107.8 60.4,163 184.4,39 173.8,28.4\"\/><\/svg><\/g><\/defs><\/svg><ul class=\"stk-block-icon-list__ul stk-block-icon-list--column\">\n<li class=\"wp-block-stackable-icon-list-item stk-block-icon-list-item stk-block stk-24cc514\" data-block-id=\"24cc514\"><div class=\"stk-block-icon-list-item__content\"><span class=\"stk--svg-wrapper\"><div class=\"stk--inner-svg\"><svg aria-hidden=\"true\" width=\"32\" height=\"32\"><use xlink:href=\"#stk-icon-list__icon-svg-def-d2beac9\"><\/use><\/svg><\/div><\/span><span class=\"stk-block-icon-list-item__text\"><strong>Standardization:<\/strong> Facilitates interoperability among different applications and services on Ethereum.<\/span><\/div><\/li>\n\n\n\n<li class=\"wp-block-stackable-icon-list-item stk-block-icon-list-item stk-block stk-73379be\" data-block-id=\"73379be\"><div class=\"stk-block-icon-list-item__content\"><span class=\"stk--svg-wrapper\"><div class=\"stk--inner-svg\"><svg aria-hidden=\"true\" width=\"32\" height=\"32\"><use xlink:href=\"#stk-icon-list__icon-svg-def-d2beac9\"><\/use><\/svg><\/div><\/span><span class=\"stk-block-icon-list-item__text\"><strong>Accessibility:<\/strong> Lowers the barrier for developers to create and issue tokens.<\/span><\/div><\/li>\n\n\n\n<li class=\"wp-block-stackable-icon-list-item stk-block-icon-list-item stk-block stk-00d01f2\" data-block-id=\"00d01f2\"><div class=\"stk-block-icon-list-item__content\"><span class=\"stk--svg-wrapper\"><div class=\"stk--inner-svg\"><svg aria-hidden=\"true\" width=\"32\" height=\"32\"><use xlink:href=\"#stk-icon-list__icon-svg-def-d2beac9\"><\/use><\/svg><\/div><\/span><span class=\"stk-block-icon-list-item__text\"><strong>Flexibility:<\/strong> Supports a wide range of applications, from simple transfers to complex DApp interactions.<\/span><\/div><\/li>\n<\/ul><\/div>\n\n\n\n<p><strong>Cons:<\/strong><\/p>\n\n\n\n<div class=\"wp-block-stackable-icon-list stk-block-icon-list stk-block stk-df14ae2\" data-block-id=\"df14ae2\"><svg style=\"display:none\"><defs><g id=\"stk-icon-list__icon-svg-def-df14ae2\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 190 190\"><polygon points=\"173.8,28.4 60.4,141.8 15.7,97.2 5.1,107.8 60.4,163 184.4,39 173.8,28.4\"\/><\/svg><\/g><\/defs><\/svg><ul class=\"stk-block-icon-list__ul stk-block-icon-list--column\">\n<li class=\"wp-block-stackable-icon-list-item stk-block-icon-list-item stk-block stk-0f1dda2\" data-block-id=\"0f1dda2\"><div class=\"stk-block-icon-list-item__content\"><span class=\"stk--svg-wrapper\"><div class=\"stk--inner-svg\"><svg aria-hidden=\"true\" width=\"32\" height=\"32\"><use xlink:href=\"#stk-icon-list__icon-svg-def-df14ae2\"><\/use><\/svg><\/div><\/span><span class=\"stk-block-icon-list-item__text\"><strong>Scalability Issues:<\/strong> High demand can lead to network congestion and increased transaction fees.<\/span><\/div><\/li>\n\n\n\n<li class=\"wp-block-stackable-icon-list-item stk-block-icon-list-item stk-block stk-e024ae5\" data-block-id=\"e024ae5\"><div class=\"stk-block-icon-list-item__content\"><span class=\"stk--svg-wrapper\"><div class=\"stk--inner-svg\"><svg aria-hidden=\"true\" width=\"32\" height=\"32\"><use xlink:href=\"#stk-icon-list__icon-svg-def-df14ae2\"><\/use><\/svg><\/div><\/span><span class=\"stk-block-icon-list-item__text\"><strong>Security Risks:<\/strong> Poorly written smart contracts can be exploited.<\/span><\/div><\/li>\n\n\n\n<li class=\"wp-block-stackable-icon-list-item stk-block-icon-list-item stk-block stk-ccd9a2f\" data-block-id=\"ccd9a2f\"><div class=\"stk-block-icon-list-item__content\"><span class=\"stk--svg-wrapper\"><div class=\"stk--inner-svg\"><svg aria-hidden=\"true\" width=\"32\" height=\"32\"><use xlink:href=\"#stk-icon-list__icon-svg-def-df14ae2\"><\/use><\/svg><\/div><\/span><span class=\"stk-block-icon-list-item__text\"><strong>Regulatory Uncertainty:<\/strong> The legal status and compliance requirements can be unclear, varying by jurisdiction.<\/span><\/div><\/li>\n<\/ul><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Examples of Usage<\/h3>\n\n\n\n<div class=\"wp-block-stackable-icon-list stk-block-icon-list stk-block stk-e79db2c\" data-block-id=\"e79db2c\"><ol class=\"stk-block-icon-list__ol stk-block-icon-list--column\">\n<li class=\"wp-block-stackable-icon-list-item stk-block-icon-list-item stk-block stk-d7dffd1\" data-block-id=\"d7dffd1\"><div class=\"stk-block-icon-list-item__content\"><span class=\"stk-block-icon-list-item__marker\" aria-hidden=\"true\"><\/span><span class=\"stk-block-icon-list-item__text\"><strong>Decentralized Finance (DeFi) Platforms:<\/strong> Using ERC20 tokens for lending, borrowing, or earning interest.<\/span><\/div><\/li>\n\n\n\n<li class=\"wp-block-stackable-icon-list-item stk-block-icon-list-item stk-block stk-52d44b9\" data-block-id=\"52d44b9\"><div class=\"stk-block-icon-list-item__content\"><span class=\"stk-block-icon-list-item__marker\" aria-hidden=\"true\"><\/span><span class=\"stk-block-icon-list-item__text\"><strong>Token Sales and ICOs:<\/strong> Projects raise funds by issuing ERC20 tokens as a form of investment.<\/span><\/div><\/li>\n\n\n\n<li class=\"wp-block-stackable-icon-list-item stk-block-icon-list-item stk-block stk-2c81dd6\" data-block-id=\"2c81dd6\"><div class=\"stk-block-icon-list-item__content\"><span class=\"stk-block-icon-list-item__marker\" aria-hidden=\"true\"><\/span><span class=\"stk-block-icon-list-item__text\"><strong>Digital Identity Systems:<\/strong> Using tokens to represent identity or access rights within a network.<\/span><\/div><\/li>\n<\/ol><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Real-world Analogy<\/h3>\n\n\n\n<p>Consider ERC20 tokens as &#8220;event tickets&#8221; within the Ethereum &#8220;stadium.&#8221; Each ticket (token) follows a standard format (ERC20), ensuring that they can be used across various events (DApps) within the stadium, from concerts (DeFi platforms) to sports games (governance in DAOs).<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Where to Find More Information<\/h3>\n\n\n\n<div class=\"wp-block-stackable-icon-list stk-block-icon-list stk-block stk-a5c06cd\" data-block-id=\"a5c06cd\"><ol class=\"stk-block-icon-list__ol stk-block-icon-list--column\">\n<li class=\"wp-block-stackable-icon-list-item stk-block-icon-list-item stk-block stk-e08af3a\" data-block-id=\"e08af3a\"><div class=\"stk-block-icon-list-item__content\"><span class=\"stk-block-icon-list-item__marker\" aria-hidden=\"true\"><\/span><span class=\"stk-block-icon-list-item__text\"><strong>The Ethereum Website:<\/strong> For official documentation and technical details.<\/span><\/div><\/li>\n\n\n\n<li class=\"wp-block-stackable-icon-list-item stk-block-icon-list-item stk-block stk-ea2e33d\" data-block-id=\"ea2e33d\"><div class=\"stk-block-icon-list-item__content\"><span class=\"stk-block-icon-list-item__marker\" aria-hidden=\"true\"><\/span><span class=\"stk-block-icon-list-item__text\"><strong>GitHub:<\/strong> The ERC20 token standard documentation for developers.<\/span><\/div><\/li>\n\n\n\n<li class=\"wp-block-stackable-icon-list-item stk-block-icon-list-item stk-block stk-bf7c546\" data-block-id=\"bf7c546\"><div class=\"stk-block-icon-list-item__content\"><span class=\"stk-block-icon-list-item__marker\" aria-hidden=\"true\"><\/span><span class=\"stk-block-icon-list-item__text\"><strong>CoinMarketCap:<\/strong> For a list of popular ERC20 tokens and their market information.<\/span><\/div><\/li>\n\n\n\n<li class=\"wp-block-stackable-icon-list-item stk-block-icon-list-item stk-block stk-55a5071\" data-block-id=\"55a5071\"><div class=\"stk-block-icon-list-item__content\"><span class=\"stk-block-icon-list-item__marker\" aria-hidden=\"true\"><\/span><span class=\"stk-block-icon-list-item__text\"><strong>Crypto News Websites:<\/strong> Such as Coindesk or Cointelegraph, for the latest updates and use cases.<\/span><\/div><\/li>\n\n\n\n<li class=\"wp-block-stackable-icon-list-item stk-block-icon-list-item stk-block stk-179e2f5\" data-block-id=\"179e2f5\"><div class=\"stk-block-icon-list-item__content\"><span class=\"stk-block-icon-list-item__marker\" aria-hidden=\"true\"><\/span><span class=\"stk-block-icon-list-item__text\"><strong>Cryptocurrency Forums:<\/strong> Like Reddit\u2019s r\/ethereum, for community discussions and insights.<\/span><\/div><\/li>\n<\/ol><\/div>\n\n\n\n<p>These sources provide a blend of technical, regulatory, and community-driven information on ERC20 tokens, helping you stay informed from various perspectives.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum Request for Comment 20, commonly known as ERC20, is a technical standard used for smart contracts on the Ethereum blockchain for implementing tokens. These tokens are blockchain-based assets that have value and can be sent and received. The standard defines a set of rules that apply to all ERC20 tokens, ensuring compatibility within the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":3611,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_uag_custom_page_level_css":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"blocksy_meta":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","gb-block-post-grid-landscape":"","gb-block-post-grid-square":"","yarpp-thumbnail":""},"post_excerpt_stackable":"<p>Ethereum Request for Comment 20, commonly known as ERC20, is a technical standard used for smart contracts on the Ethereum blockchain for implementing tokens. These tokens are blockchain-based assets that have value and can be sent and received. The standard defines a set of rules that apply to all ERC20 tokens, ensuring compatibility within the Ethereum ecosystem. Where It Is Used ERC20 tokens are primarily used on the Ethereum blockchain. They facilitate transactions involving digital assets and are used to create and issue smart contract-based tokens. Why It Is Used The ERC20 standard is used to ensure consistency and interoperability&hellip;<\/p>\n","category_list":"","author_info":{"name":"Faisal Khan","url":"https:\/\/faisalkhan.com\/author\/nomismad\/"},"comments_num":"0 comments","featured_image_urls_v2":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","gb-block-post-grid-landscape":"","gb-block-post-grid-square":"","yarpp-thumbnail":""},"post_excerpt_stackable_v2":"<p>Ethereum Request for Comment 20, commonly known as ERC20, is a technical standard used for smart contracts on the Ethereum blockchain for implementing tokens. These tokens are blockchain-based assets that have value and can be sent and received. The standard defines a set of rules that apply to all ERC20 tokens, ensuring compatibility within the Ethereum ecosystem. Where It Is Used ERC20 tokens are primarily used on the Ethereum blockchain. They facilitate transactions involving digital assets and are used to create and issue smart contract-based tokens. Why It Is Used The ERC20 standard is used to ensure consistency and interoperability&hellip;<\/p>\n","category_list_v2":"","author_info_v2":{"name":"Faisal Khan","url":"https:\/\/faisalkhan.com\/author\/nomismad\/"},"comments_num_v2":"0 comments","yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.6 (Yoast SEO v22.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ethereum Request for Comment 20 (ERC20) Token - Faisal Khan<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/faisalkhan.com\/learn\/payments-wiki\/ethereum-request-for-comment-20-erc20-token\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum Request for Comment 20 (ERC20) Token\" \/>\n<meta property=\"og:description\" content=\"Ethereum Request for Comment 20, commonly known as ERC20, is a technical standard used for smart contracts on the Ethereum blockchain for implementing tokens. These tokens are blockchain-based assets that have value and can be sent and received. The standard defines a set of rules that apply to all ERC20 tokens, ensuring compatibility within the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/faisalkhan.com\/learn\/payments-wiki\/ethereum-request-for-comment-20-erc20-token\/\" \/>\n<meta property=\"og:site_name\" content=\"Faisal Khan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/faisalkhanpaymentconsultant\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-14T19:06:08+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@FaisalKhanllc\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/faisalkhan.com\/learn\/payments-wiki\/ethereum-request-for-comment-20-erc20-token\/\",\"url\":\"https:\/\/faisalkhan.com\/learn\/payments-wiki\/ethereum-request-for-comment-20-erc20-token\/\",\"name\":\"Ethereum Request for Comment 20 (ERC20) Token - Faisal Khan\",\"isPartOf\":{\"@id\":\"https:\/\/faisalkhan.com\/#website\"},\"datePublished\":\"2024-02-14T19:06:01+00:00\",\"dateModified\":\"2024-02-14T19:06:08+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/faisalkhan.com\/learn\/payments-wiki\/ethereum-request-for-comment-20-erc20-token\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/faisalkhan.com\/learn\/payments-wiki\/ethereum-request-for-comment-20-erc20-token\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/faisalkhan.com\/learn\/payments-wiki\/ethereum-request-for-comment-20-erc20-token\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/faisalkhan.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Learn\",\"item\":\"https:\/\/faisalkhan.com\/learn\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Payments Wiki\",\"item\":\"https:\/\/faisalkhan.com\/learn\/payments-wiki\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Ethereum Request for Comment 20 (ERC20) Token\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/faisalkhan.com\/#website\",\"url\":\"https:\/\/faisalkhan.com\/\",\"name\":\"Faisal Khan\",\"description\":\"Get expert guidance on licensing, banking, payments, and cryptocurrency. Faisal Khan is your go-to resource for all your financial services needs.\",\"publisher\":{\"@id\":\"https:\/\/faisalkhan.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/faisalkhan.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/faisalkhan.com\/#organization\",\"name\":\"Faisal Khan LLC\",\"url\":\"https:\/\/faisalkhan.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/faisalkhan.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/faisalkhan.com\/wp-content\/uploads\/2023\/05\/Faisal-Khan-LLC-Main-Logo-2023.png\",\"contentUrl\":\"https:\/\/faisalkhan.com\/wp-content\/uploads\/2023\/05\/Faisal-Khan-LLC-Main-Logo-2023.png\",\"width\":285,\"height\":80,\"caption\":\"Faisal Khan LLC\"},\"image\":{\"@id\":\"https:\/\/faisalkhan.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/faisalkhanpaymentconsultant\",\"https:\/\/x.com\/FaisalKhanllc\",\"https:\/\/www.linkedin.com\/company\/faisal-khan-llc\"]}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Ethereum Request for Comment 20 (ERC20) Token - Faisal Khan","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/faisalkhan.com\/learn\/payments-wiki\/ethereum-request-for-comment-20-erc20-token\/","og_locale":"en_US","og_type":"article","og_title":"Ethereum Request for Comment 20 (ERC20) Token","og_description":"Ethereum Request for Comment 20, commonly known as ERC20, is a technical standard used for smart contracts on the Ethereum blockchain for implementing tokens. These tokens are blockchain-based assets that have value and can be sent and received. The standard defines a set of rules that apply to all ERC20 tokens, ensuring compatibility within the [&hellip;]","og_url":"https:\/\/faisalkhan.com\/learn\/payments-wiki\/ethereum-request-for-comment-20-erc20-token\/","og_site_name":"Faisal Khan","article_publisher":"https:\/\/www.facebook.com\/faisalkhanpaymentconsultant","article_modified_time":"2024-02-14T19:06:08+00:00","twitter_card":"summary_large_image","twitter_site":"@FaisalKhanllc","twitter_misc":{"Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/faisalkhan.com\/learn\/payments-wiki\/ethereum-request-for-comment-20-erc20-token\/","url":"https:\/\/faisalkhan.com\/learn\/payments-wiki\/ethereum-request-for-comment-20-erc20-token\/","name":"Ethereum Request for Comment 20 (ERC20) Token - Faisal Khan","isPartOf":{"@id":"https:\/\/faisalkhan.com\/#website"},"datePublished":"2024-02-14T19:06:01+00:00","dateModified":"2024-02-14T19:06:08+00:00","breadcrumb":{"@id":"https:\/\/faisalkhan.com\/learn\/payments-wiki\/ethereum-request-for-comment-20-erc20-token\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/faisalkhan.com\/learn\/payments-wiki\/ethereum-request-for-comment-20-erc20-token\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/faisalkhan.com\/learn\/payments-wiki\/ethereum-request-for-comment-20-erc20-token\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/faisalkhan.com\/"},{"@type":"ListItem","position":2,"name":"Learn","item":"https:\/\/faisalkhan.com\/learn\/"},{"@type":"ListItem","position":3,"name":"Payments Wiki","item":"https:\/\/faisalkhan.com\/learn\/payments-wiki\/"},{"@type":"ListItem","position":4,"name":"Ethereum Request for Comment 20 (ERC20) Token"}]},{"@type":"WebSite","@id":"https:\/\/faisalkhan.com\/#website","url":"https:\/\/faisalkhan.com\/","name":"Faisal Khan","description":"Get expert guidance on licensing, banking, payments, and cryptocurrency. Faisal Khan is your go-to resource for all your financial services needs.","publisher":{"@id":"https:\/\/faisalkhan.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/faisalkhan.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/faisalkhan.com\/#organization","name":"Faisal Khan LLC","url":"https:\/\/faisalkhan.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/faisalkhan.com\/#\/schema\/logo\/image\/","url":"https:\/\/faisalkhan.com\/wp-content\/uploads\/2023\/05\/Faisal-Khan-LLC-Main-Logo-2023.png","contentUrl":"https:\/\/faisalkhan.com\/wp-content\/uploads\/2023\/05\/Faisal-Khan-LLC-Main-Logo-2023.png","width":285,"height":80,"caption":"Faisal Khan LLC"},"image":{"@id":"https:\/\/faisalkhan.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/faisalkhanpaymentconsultant","https:\/\/x.com\/FaisalKhanllc","https:\/\/www.linkedin.com\/company\/faisal-khan-llc"]}]}},"featured_image_src":null,"featured_image_src_square":null,"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false,"gb-block-post-grid-landscape":false,"gb-block-post-grid-square":false,"yarpp-thumbnail":false},"uagb_author_info":{"display_name":"Faisal Khan","author_link":"https:\/\/faisalkhan.com\/author\/nomismad\/"},"uagb_comment_info":0,"uagb_excerpt":"Ethereum Request for Comment 20, commonly known as ERC20, is a technical standard used for smart contracts on the Ethereum blockchain for implementing tokens. These tokens are blockchain-based assets that have value and can be sent and received. The standard defines a set of rules that apply to all ERC20 tokens, ensuring compatibility within the&hellip;","_links":{"self":[{"href":"https:\/\/faisalkhan.com\/wp-json\/wp\/v2\/pages\/11061"}],"collection":[{"href":"https:\/\/faisalkhan.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/faisalkhan.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/faisalkhan.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/faisalkhan.com\/wp-json\/wp\/v2\/comments?post=11061"}],"version-history":[{"count":1,"href":"https:\/\/faisalkhan.com\/wp-json\/wp\/v2\/pages\/11061\/revisions"}],"predecessor-version":[{"id":11062,"href":"https:\/\/faisalkhan.com\/wp-json\/wp\/v2\/pages\/11061\/revisions\/11062"}],"up":[{"embeddable":true,"href":"https:\/\/faisalkhan.com\/wp-json\/wp\/v2\/pages\/3611"}],"wp:attachment":[{"href":"https:\/\/faisalkhan.com\/wp-json\/wp\/v2\/media?parent=11061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}