Getting started with ERC20 Token

What is ERC20?

ERC20 is a protocol standard that defines certain rules and standards for issuing tokens on Ethereum’s network. In ‘ERC20’, ERC stands for Ethereum Request For Comments and 20 stands for a unique ID number to distinguish this standard from others.

The Ethereum community created these standards with three optional rules, and six mandatory.

Optional Rules

  • Token Name
  • Symbol
  • Decimal (up to 18)

Mandatory Rules

  • totalSupply
  • balanceOf
  • transfer
  • transferFrom
  • approve
  • allowance

Things needed to get started

Sample ERC20 Contract Code

You May Also Like

Blockchain Awareness Program at Nepal Judicial Academy

In today's rapidly evolving digital landscape, staying updated with the latest technological advancements is not just a choice but a necessity, especially for government officials tasked with safeguarding various sectors from cyber threats.

Read Details
An Exciting Journey of Innovation and Collaboration

In December 2023, the Rumsan Team participated in the ETHIndia 2023 event which was the biggest hackathon in the world. This event was focused on ethereum and blockchain

Read Details
Unlocking the Potentioanl of web 3.0 and Frontier Technology (Robots & Animals KTM Event)

eSatya, a blockchain initiative by Rumusan Associates in Nepal, hosted a "Unlocking the potential of Web 3.0 and Frontier Technology" session in collaboration with Robots and Animals KTM.

Read Details