Tutorial
ERC20 Concepts
8 steps
In this tutorial, we’ll be setting the context as to what the ERC20 token standard is as well as why it is such an important piece of infrastructure in the Web3 development world. We’ll be covering topics such as what ERC20 even represents, the difference between fungible and non-fungible tokens as well as looking at prominent examples of ERC20 tokens and inspecting a deployed ERC20 token.
Helpful prior knowledge
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Learning Outcomes
By the end of this tutorial, you will be able to:
- Understand what ERC20 refers to
- Understand why the need for token standards
- Distinguish between fungible tokens and non-fungible tokens
- Describe the components that an ERC20 token consists of
Tutorial Steps
Total steps: 8
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Step 1: Introduction to Cryptocurrencies and Tokens
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Step 2: Ethereum Blockchain & Smart Contracts
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Step 3: Defining ERC20 Tokens
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Step 4: Fungible vs. Non-Fungible Tokens
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Step 5: The Need for Token Standards
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Step 6: Components of an ERC20 Token
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Step 7: Examples of ERC20 Tokens
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Step 8: Inspecting an ERC20 Token
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