ERC-20 is a common token standard used by fungible tokens on Ethereum and many EVM-compatible networks.
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Short definition
ERC-20 is eRC-20 is a common token standard used by fungible tokens on Ethereum and many EVM-compatible networks.
Simple explanation
ERC-20 defines common functions such as transfers, balances, approvals, and allowances.
Why it matters
Many wallets, DEXs, explorers, and tools understand ERC-20-style token behavior.
Example context
A stablecoin or governance token on Ethereum may use the ERC-20 standard.