ERC-20 Token
Diana Paul avatar
Written by Diana Paul
Updated over a week ago

Ethereum Request for Comments (ERC) is the official protocol used by smart contract developers on the Ethereum blockchain. It’s also used for making suggestions for improving the Ethereum network.

ERC-20 is the twentieth proposal for updating the Ethereum blockchain and contains the technical specifications for tokens issued on the blockchain.

Implementation of the ERC-20 protocol has simplified the process of adding new coins to crypto exchange platforms. Once a platform supports ERC-20, it’s possible to add many different tokens without generating new code for each of them.

Among ERC-20 tokens, CEX.IO currently supports Tether (USDT), Gemini Dollar (GUSD), OmiseGO (OMG), Basic Attention Token (BAT), and United States Dollar Coin (USDC) and a range of De-Fi tokens.

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