Understanding the ERC-20 Standard and Its Ecosystem Value
The prosperity of the Ethereum ecosystem relies on the support of the ERC-20 token standard. This standard defines a unified set of rules for creating and interacting with tokens on the Ethereum blockchain, ensuring that all tokens based on this standard are interoperable and compatible.
ERC-20 tokens are not a single asset type; they can represent various digital assets—from cryptocurrencies, utility tokens, and stablecoins to DeFi governance tokens, and even infrastructure for NFTs. This versatility makes ERC-20 one of the most widely used token standards in the Web3 ecosystem.
Because of this, choosing a secure and reliable ERC-20 wallet becomes crucial. It not only concerns the safety of your assets but also impacts your experience in DeFi, governance participation, and Web3 applications.
What is an ERC-20 Wallet and Its Classification
ERC