ERC-20 | Binance Academy

ERC-20 | Definition: A technical standard used to issue and implement tokens on the Ethereum blockchain proposed in November 2015 by Fabian Vogelsteller.

Intermediate Updated Jul 24, 2026 What Is ERC-20? ERC-20 is a technical standard used to create and manage fungible tokens on the Ethereum blockchain. It defines a common set of rules that a token should follow in order to function reliably within the Ethereum ecosystem. ERC-20 is not a piece of software or code on its own. Rather, you can think of it as a technical guideline or specification that developers implement when issuing a token. The standard was first proposed in November 2015 by Ethereum developer Fabian Vogelsteller and was later formalized as an Ethereum Improvement…

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