ERC-20 vs Smart Contracts
Quick comparison to help you distinguish these two crypto terms.
ERC-20
intermediate
technical_analysis
A technical standard for fungible tokens on the Ethereum blockchain that defines a common set of rules enabling tokens to interact predictably across wallets, exchanges, and decentralized applications, making ERC-20 the dominant token standard in cryptocurrency.
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beginner
fundamentals
Smart contracts are self-executing programs stored on a blockchain that automatically perform predefined actions when specific conditions are met, without needing any intermediary.
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