What is erc20?

[9thst]

Hello can anyone tell me what is mean with erc20? why most of ico say if we want to get coins. we must have wallet that support erc20

[AdolfinWolf]

Hello can anyone tell me what is mean with erc20? why most of ico say if we want to get coins. we must have wallet that support erc20

ERC20 is the name used for the tokens that the ethereum network distributes.

See https://theethereum.wiki/w/index.php/ERC20_Token_Standard for more technical information about it.

It's simply a token on the ethereum network.

[component9]

we must have wallet that support erc20

This guide  and this page explain erc20 wallets.

[legend018]

here is a sweet link to review: https://steemit.com/ethereum/@glennradars/what-are-ethereum-s-erc20-tokens-and-how-do-they-work

[Trixie28]

 ERC-20 defines a common list of rules for all Ethereum tokens to follow, meaning that this particular token empowers developers of all types to accurately predict how new tokens will function within the larger Ethereum system

[modtakels]

It is Ethereum token standard which stands for thr coins that are based in ethereum platform it is commonly used by the new coins today.

[Fu.Sin]

Many hardware wallets support this standard. Most of the coins were made on their base. In general, the etherium is exactly on this and is made.

[Silber]

ERC-20 Token are often use to found money for a ICO.

[klebsiella]

ERC20 is the Ethereum token standard, has a detailed common list of rules for all Ethereum tokens to follow. Therefore developers design compatible new tokens provided the new tokens comply to the rules. This means most of the tokens released over Ethereum Initial Coin Offerings (ICO) are ERC20 compliant.

[marks1976]

Hello can anyone tell me what is mean with erc20? why most of ico say if we want to get coins. we must have wallet that support erc20

It's asset backed by the ethereum blockchain. ERC20 compliance runs in the ethereum network as the main network and that has used the ether miners to verificate the tranasaction. it just like a lite version of the ethereum itself.

[Muhammad Muneeb]

it is a type of token which can be developed on the ethereum blockchain. you can use  myetherwallet is the best wallet to store the ERC20 tokens.

[cepot9]

ERC20 is a token that runs on an ethereum network. many free token ERC20 tokens. this is the beginning of a promotion