One of the most significant Ethereum tokens is known as ERC-20. ERC-20 has emerged as the technical standard; it is used for all smart contracts on the Ethereum blockchain for token implementation and provides a list of rules that all Ethereum-based tokens must follow.

ERC-20 is similar, in some respects, to bitcoin and other cryptocurrency; ERC-20 tokens are blockchain-based assets that have value and can be sent and received. The primary difference is that instead of running on their own blockchain, ERC-20 tokens are issued on the Ethereum network.

Functions:

  • Interacts with other currencies
  • Smart contracts
  • Used on compatible platforms, projects, exchanges
  • Ensures operation with Dapps
  • Secure and easy transaction
  • Makes assets interchangeable

Therefore, both types of tokens (TRC-20 and ERC-20) own their features and functions. Your next choice is to choose a secure and efficient wallet to store your crypto assets. One of them is Crystal Wallet.