Apology if this is not the appropriate discussion forum to ask this question, but I want to know what ERC 20 is? Is it a new blockchain? Does all new token generation depend on ERC 20?
Erc-20 or "Ethereum Request for Comments" is a protocol used in tokens to implement some rules made using Ethereum smart contracts, mostly used by ICOs use to distribute to their investors. And erc-20 token lets the developers of Initial Coin Offerings to code or program how their token will function and these tokens are blockchain assets that have value and can be also be sent, received and exchange to Bitcoin, Ethereum and other cryptocurrencies.