August 2019
Intermediate to advanced
486 pages
13h 52m
English
Content preview from Mastering Blockchain Programming with Solidity
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ERC20 Token Standard
Ethereum Request for Comment (ERC) has a standard process to initiate improvement proposals and make them standard. ERC20 is a token standard that's used to create the fungible tokens on Ethereum blockchain—just like bitcoin (symbol: BTC) and ether (symbol: ETH) are coins and have economic values. Similarly, by using the ERC20 standard, you can mint as many tokens of a specific type, which also have economic values. This standard allows anyone to easily create their own token on a blockchain.
In this chapter, we are going to look into the ERC20 token standard of the Ethereum blockchain. There are many standards present in Ethereum; however, the most used and popular one is the ERC20 standard. We will understand the API ...
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