Most Ethereum and cryptocurrency enthusiasts have become familiar with ERC20 tokens. This token standard is used to create new forms of currency on the Ethereum blockchain. Now that Ethereum Improvement Proposal 20 has been formally adopted, the ERC20 token standard is officially instituted. This is a major development for the ecosystem as a whole, as the proposal also formally establishes API standards for Ethereum-based tokens. ERC20 is now an Instituted Standard Although many people have gotten used to the concept of ERC20 tokens, the “standard” itself was never an actual standard to begin with. Rather, it was a way for enthusiasts to
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