What are the Ethereum erc20 tokens?
ERC-20 is a standard technical specification for creating tokens on the Ethereum network, defining a set of functions and events for tokens to interact with other Ethereum applications, including total supply, balance, transfer, authorization and authorization amount and other basic functions. The benefits of the ERC-20 standard include interoperability, programmability, and liquidity, and some popular ERC-20 tokens include USDT, USDC, DAI, LINK, and UNI.
Ethereum ERC-20 Tokens
ERC-20 is the standard technical specification for creating tokens on the Ethereum network. It defines a set of functions and events that allow the token to interact with other Ethereum applications.
Function
The basic functions of ERC-20 tokens include:
- Total Supply (total supply): represents the total number of tokens in issue.
- Balance Of: Returns the number of tokens held in the specified address.
- Transfer: Transfer tokens from one address to another.
- Transfer From: Allows one address to transfer tokens from another address, provided the second address is authorized.
- Approve: Authorize an address to transfer tokens from the calling address.
- Allowance (authorization amount): Returns the number of tokens that one address allows another address to transfer.
Advantages
Benefits of using the ERC-20 standard include:
- Interoperability: All ERC-20 tokens follow the same standard, allowing them to be easily integrated into other Ethereum applications .
- Programmability: ERC-20 tokens can be extended using smart contracts to enable complex functionality.
- Liquidity: ERC-20 tokens can be traded on decentralized exchanges and other platforms, providing liquidity and accessibility.
Popular ERC-20 Tokens
Some popular ERC-20 tokens include:
- USDT (Tether) : A stablecoin pegged to the US dollar.
- USDC (USD Coin) : Another stablecoin pegged to the US dollar.
- DAI (Decentralized USD) : A stablecoin pegged to a basket of stablecoins.
- LINK (chain link): A token for a decentralized oracle network.
- UNI (Uniswap): A token for decentralized exchanges.
Ethereum (ETH) Current Price: $3168
Trading Volume: $19.4 Billion
Market Cap: $3.8 Trillion
Latest Changes:
In the past 24 hours, ETH The price fell by 7.86%. This decline may be due to:
- An overall correction in the cryptocurrency market
- Macroeconomic uncertainty
- Increased ETH supply
Future price action:
In the short term, ETH prices are likely to continue to fluctuate. However, the market is generally bullish on Ethereum in the long term due to its strong fundamentals and growing use cases.
Recommendation:
Before considering any investment decision, it is important to conduct research on the cryptocurrency market and understand the risks. It is especially important for investors with low risk tolerance to be cautious when investing in ETH or other cryptocurrencies.
Short-term trend prediction:
In the near future, the ETH price may fluctuate between $3000 and $3500.
Indicator:
- Price: 3168 USD
- Trading volume: 19.4 billion USD
- Market cap: 3.8 trillion USD
- Flow: 120 million
- Maximum supply: Unlimited
- Total supply: 1.20 Billion
The above is the detailed content of What are the Ethereum erc20 tokens?. For more information, please follow other related articles on the PHP Chinese website!
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