« Back to Glossary Index

ERC-20 tokens are based on the Ethereum blockchain. Just like mainstream cryptocurrencies such as Bitcoin, they can be used to make purchases — or traded for fiat currencies and crypto. These assets, which usually have a fixed supply, can be stored in a dedicated Ethereum wallet. A wide range of ERC-20 tokens were created in 2017 and 2018 during the boom of initial coin offerings. They usually form the backbone of decentralized apps, otherwise known as DApps for short.

« Back to Glossary Index