What are the Ethereum erc20 tokens?
ERC-20 is a standard technical specification for creating tokens on the Ethereum network, defining a set of functions and events for tokens to interact with other Ethereum applications, including total supply, balance, transfer, authorization and authorization amount and other basic functions. The benefits of the ERC-20 standard include interoperability, programmability, and liquidity, and some popular ERC-20 tokens include USDT, USDC, DAI, LINK, and UNI.
Ethereum ERC-20 Tokens
ERC-20 is the standard technical specification for creating tokens on the Ethereum network. It defines a set of functions and events that allow the token to interact with other Ethereum applications.
Function
The basic functions of ERC-20 tokens include:
- Total Supply (total supply): represents the total number of tokens in issue.
- Balance Of: Returns the number of tokens held in the specified address.
- Transfer: Transfer tokens from one address to another.
- Transfer From: Allows one address to transfer tokens from another address, provided the second address is authorized.
- Approve: Authorize an address to transfer tokens from the calling address.
- Allowance (authorization amount): Returns the number of tokens that one address allows another address to transfer.
Advantages
Benefits of using the ERC-20 standard include:
- Interoperability: All ERC-20 tokens follow the same standard, allowing them to be easily integrated into other Ethereum applications .
- Programmability: ERC-20 tokens can be extended using smart contracts to enable complex functionality.
- Liquidity: ERC-20 tokens can be traded on decentralized exchanges and other platforms, providing liquidity and accessibility.
Popular ERC-20 Tokens
Some popular ERC-20 tokens include:
- USDT (Tether) : A stablecoin pegged to the US dollar.
- USDC (USD Coin) : Another stablecoin pegged to the US dollar.
- DAI (Decentralized USD) : A stablecoin pegged to a basket of stablecoins.
- LINK (chain link): A token for a decentralized oracle network.
- UNI (Uniswap): A token for decentralized exchanges.
Ethereum (ETH) Current Price: $3168
Trading Volume: $19.4 Billion
Market Cap: $3.8 Trillion
Latest Changes:
In the past 24 hours, ETH The price fell by 7.86%. This decline may be due to:
- An overall correction in the cryptocurrency market
- Macroeconomic uncertainty
- Increased ETH supply
Future price action:
In the short term, ETH prices are likely to continue to fluctuate. However, the market is generally bullish on Ethereum in the long term due to its strong fundamentals and growing use cases.
Recommendation:
Before considering any investment decision, it is important to conduct research on the cryptocurrency market and understand the risks. It is especially important for investors with low risk tolerance to be cautious when investing in ETH or other cryptocurrencies.
Short-term trend prediction:
In the near future, the ETH price may fluctuate between $3000 and $3500.
Indicator:
- Price: 3168 USD
- Trading volume: 19.4 billion USD
- Market cap: 3.8 trillion USD
- Flow: 120 million
- Maximum supply: Unlimited
- Total supply: 1.20 Billion
The above is the detailed content of What are the Ethereum erc20 tokens?. For more information, please follow other related articles on the PHP Chinese website!
Bitcoin (BTC) Holds Firm at 120-Day PeaksMay 11, 2025 am 11:38 AMBitcoin (BTC) price climbed to a 120-day high of $103,890 on Friday, propelled by favorable macro conditions and renewed institutional appetite.
A trader is getting attention from the crypto community for massive returns on the decentralized exchange Hyperliquid.May 11, 2025 am 11:36 AMIn a post on X, Lookonchain disclosed that the trader known as James Wynn has made up to $46.5 million in profits trading on the platform.
SUI/USDT Forms Symmetrical Triangle Pattern, Targeting a 8% Price MoveMay 11, 2025 am 11:34 AMA symmetrical triangle pattern forming on the SUI/USDT 1-hour chart is capturing the attention of market analysts and traders, signaling a possible price movement of up to 8%.
Kaanch Network: The Utility Token That's Already LiveMay 11, 2025 am 11:32 AMMost presale tokens don't do anything yet. They sell a promise. A pitch deck. A vision of what might happen. But Kaanch Network is different.
Solana (SOL) price started gaining traction after the Federal Open Market Committee (FOMC) announced interest rates would remain unchanged.May 11, 2025 am 11:30 AMThis news boosted the crypto market’s bullish run. It has also taken SOL price back above $150.
title: BlackRock's Bitcoin ETF Records 19 Consecutive Days of Inflows.May 11, 2025 am 11:28 AMIt’s the longest streak of the year, signaling strong institutional demand. Momentum shows rising smart money interest in Bitcoin.
A Hyperliquid trader is making headlines for massive returnsMay 11, 2025 am 11:26 AMA trader is getting attention from the crypto community for massive returns on the decentralized exchange Hyperliquid.
Could the next breakout in crypto come from a project still in its presale stage, quietly solving real-world problems while others chase scalability?May 11, 2025 am 11:24 AMAs blockchain ecosystems expand and the market shifts its attention toward functionality and long-term use cases, the search for the next crypto to hit $1 is gaining urgency.
Hot AI Tools
Undresser.AI Undress
AI-powered app for creating realistic nude photos
AI Clothes Remover
Online AI tool for removing clothes from photos.
Undress AI Tool
Undress images for free
Clothoff.io
AI clothes remover
Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!
Hot Article
Hot Tools
MantisBT
Mantis is an easy-to-deploy web-based defect tracking tool designed to aid in product defect tracking. It requires PHP, MySQL and a web server. Check out our demo and hosting services.
SublimeText3 English version
Recommended: Win version, supports code prompts!
MinGW - Minimalist GNU for Windows
This project is in the process of being migrated to osdn.net/projects/mingw, you can continue to follow us there. MinGW: A native Windows port of the GNU Compiler Collection (GCC), freely distributable import libraries and header files for building native Windows applications; includes extensions to the MSVC runtime to support C99 functionality. All MinGW software can run on 64-bit Windows platforms.
DVWA
Damn Vulnerable Web App (DVWA) is a PHP/MySQL web application that is very vulnerable. Its main goals are to be an aid for security professionals to test their skills and tools in a legal environment, to help web developers better understand the process of securing web applications, and to help teachers/students teach/learn in a classroom environment Web application security. The goal of DVWA is to practice some of the most common web vulnerabilities through a simple and straightforward interface, with varying degrees of difficulty. Please note that this software
EditPlus Chinese cracked version
Small size, syntax highlighting, does not support code prompt function
