Glossary > ERC20 tokens

ERC20 tokens

What are ERC20 tokens?

An ERC20 token is a type of virtual asset that is based on the Ethereum blockchain.

ERC20 tokens are virtual assets running on the Ethereum blockchain; they have value and users can send and receive them. People can create these tokens via smart contracts on the Ehtereum network.

Today, there are more than 400,000 tokens on Ethereum with some very well known such as Tether (USDT), USD coin (USDC), Basic Attention Token (BAT)…