ERC-20 vs Token

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.

A digital asset created and managed through smart contracts on an existing blockchain platform, representing various utilities, assets, or rights without requiring its own independent blockchain infrastructure, distinct from coins that operate their own networks.