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The ERC-20 token standard has emerged as a cornerstone of the Ethereum ecosystem. By establishing a common set of rules and functions, it streamlines the creation and management of fungible tokens. ERC-20 tokens boast broad compatibility, allowing for seamless integration with a multitude of wallets, exchanges, and DApps. LBM Solutions is the best Crypto Token Development Company serving worldwide. INTRODUCTION TO ERC20 TOKEN STANDARDS
DIFFERENCE BETWEEN CRYPTO TOKENS AND CRYPTOCURRENCIES Crypto tokens and cryptocurrencies have distinct characteristics that set them apart. While both are digital assets based on blockchain technology, cryptocurrencies, like Bitcoin and Ethereum, function as decentralized digital currencies and have their own independent networks. In contrast, crypto tokens are built on existing blockchain platforms, like Ethereum, and serve specific purposes within those ecosystems.
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