What Are ERC-20 Tokens on the Ethereum Network?
The “ERC” stands for “Ethereum Request for Comments”, which is an official protocol used to propose improvements to the Ethereum network. Recognizing the need for a unified token standard, Fabian Vogelsteller, a developer in the Ethereum community, proposed the ERC-20 standard in late 2015. ERC-20 stands for “Ethereum Request for Comments 20,” following the Ethereum Improvement Proposal (EIP) process…
