The ERC-20 token standard is one of the key concepts governing a large part of the space and which is especially relevant to smart contracts and smart properties in crypto. This standard refers to the scripting standard used in the Ethereum blockchain. This technical standard specifies a number of rules and actions that an Ethereum token or smart contract must follow and the steps to be able to implement them.

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ERC-20, the Token Standard Owned by the Ethereum Network

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