{"id":13782,"date":"2022-02-02T13:21:14","date_gmt":"2022-02-02T13:21:14","guid":{"rendered":"https:\/\/yourcryptolibrary.com\/?page_id=13782"},"modified":"2024-02-09T14:23:48","modified_gmt":"2024-02-09T14:23:48","slug":"what-are-erc-20-tokens","status":"publish","type":"page","link":"https:\/\/yourcryptolibrary.com\/nl\/ethereum\/what-are-erc-20-tokens\/","title":{"rendered":"Wat zijn ERC-20 Tokens?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"13782\" class=\"elementor elementor-13782\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d797986 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d797986\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1c150cc\" data-id=\"1c150cc\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-73be87f elementor-widget elementor-widget-text-editor\" data-id=\"73be87f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><em>In this article we are going to talk about ERC-20. What is ERC-20, how does it work and what can you do with ERC-20 tokens: This will all be answered here.<\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-9e377f3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9e377f3\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-1a7ba89\" data-id=\"1a7ba89\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8620320 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"8620320\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"#\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Learn more about cryptocurrrencies<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-761aebd\" data-id=\"761aebd\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d4d5504 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"d4d5504\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"\/exchanges\/\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Trade Crypto<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-b237eea elementor-toc--minimized-on-tablet elementor-widget elementor-widget-table-of-contents\" data-id=\"b237eea\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;headings_by_tags&quot;:[&quot;h2&quot;,&quot;h3&quot;,&quot;h4&quot;],&quot;exclude_headings_by_selector&quot;:[],&quot;marker_view&quot;:&quot;numbers&quot;,&quot;no_headings_message&quot;:&quot;Er zijn geen kopteksten gevonden op deze pagina.&quot;,&quot;minimize_box&quot;:&quot;yes&quot;,&quot;minimized_on&quot;:&quot;tablet&quot;,&quot;hierarchical_view&quot;:&quot;yes&quot;,&quot;min_height&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"table-of-contents.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__header\">\n\t\t\t\t\t\t<h4 class=\"elementor-toc__header-title\">\n\t\t\t\tTable of Contents\t\t\t<\/h4>\n\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--expand\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__b237eea\" aria-expanded=\"true\" aria-label=\"Inhoudsopgave openen\"><i aria-hidden=\"true\" class=\"fas fa-chevron-down\"><\/i><\/div>\n\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--collapse\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__b237eea\" aria-expanded=\"true\" aria-label=\"Inhoudsopgave sluiten\"><i aria-hidden=\"true\" class=\"fas fa-chevron-up\"><\/i><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<div id=\"elementor-toc__b237eea\" class=\"elementor-toc__body\">\n\t\t\t<div class=\"elementor-toc__spinner-container\">\n\t\t\t\t<i class=\"elementor-toc__spinner eicon-animation-spin eicon-loading\" aria-hidden=\"true\"><\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4dbc490 elementor-widget elementor-widget-text-editor\" data-id=\"4dbc490\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: var( --e-global-color-primary ); font-family: var( --e-global-typography-primary-font-family ), Sans-serif; font-size: 2rem; font-weight: var( --e-global-typography-primary-font-weight );\">ERC-20 Tokens<\/span><\/p><p>ERC-20 tokens are only created and used within the Ethereum Network. Within this network, there is a standard that all ERC-20 tokens must comply with, and a number of uses that are expected.<\/p><p>For example, tokens must have a total supply (total stock), balance, transfer, transferFrom, approve and allowance function. Optionally, the token is expected to have a name, a symbol (ticker) and set a decimal (max. 18 and also the default).<\/p><p>This all sounds a bit technical, so we&#8217;ll keep it all as simple as possible. There are currently more than 200,000 different ERC-20 tokens. Not all of these tokens are in use, but at the moment, according to <a href=\"https:\/\/www.coingecko.com\" target=\"_blank\" rel=\"noopener\">CoinGecko<\/a>, there are 5955 that have value.<\/p><h2>The Ethereum Network<\/h2><p><a href=\"\/ethereum\/\">View this page<\/a> to read a full explanation of Ethereum. In short, Ethereum is an open-source blockchain protocol. It is a decentralized platform used by many developers.<\/p><p>It is relatively cheap and easy to build on the Ethereum Network. The network has so many tokens that it has become the standard within the cryptocurrency space. This also has advantages for users, because ERC-20 tokens can be stored in <a href=\"\/wallets\/\">many different wallets<\/a>. In addition, it is easier and cheaper for projects to list ERC-20 tokens on an exchange compared to other types of tokens.<\/p><h2>Smart contracts and ERC-20<\/h2><p>The Ethereum Network uses smart contracts. ERC-20 tokens are therefore also created and sent by means of smart contracts. Also, the balance of each wallet that has kept the ERC-20 token is kept by means of smart contracts. This can be viewed at <a href=\"https:\/\/etherscan.io\/\" target=\"_blank\" rel=\"noopener\">etherscan.io<\/a>.<\/p><h2>ERC-20 Examples<\/h2><p>There are many examples of ERC-20 tokens. We have already written about several projects that make use of this.<\/p><p>Examples are:<\/p><ul><li><a href=\"\/coin\/lto-network\/\">LTO Network<\/a><\/li><li><a href=\"\/coin\/get-protocol\/\">GET Protocol<\/a><\/li><li><a href=\"\/coin\/trustswap\/\">TrustSwap<\/a><\/li><\/ul><p>\u00a0<\/p><p>Many others can be found on <a href=\"\/coins\/\">this page<\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>In this article we are going to talk about ERC-20. What is ERC-20, how does it work and what can you do with ERC-20 tokens: This will all be answered here. Learn more about cryptocurrrencies Trade Crypto Table of Contents ERC-20 Tokens ERC-20 tokens are only created and used within the Ethereum Network. Within this [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":21001,"parent":680,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-13782","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What are ERC-20 Tokens?<\/title>\n<meta name=\"description\" content=\"Ever wondered what the ERC-20 means when withdrawing or depositing your coins to one of your wallets? 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