ERC-20 tokens are digital assets created on the Ethereum blockchain. 

A predefined set of rules called the ERC-20 standard dictates their behavior and compatibility with various platforms and wallets.

Before the ERC-20, exchanging one token for another was a challenge. 

Each token adhered to its own rules, requiring additional efforts and custom solutions.

The ERC-20 standard introduction changed that for the better.

As it defined token creation, transfer, or use, the standard made token exchange significantly easier and more streamlined.

Imagine the standard as a common language that tokens speak, allowing them to seamlessly communicate and interact with different platforms, wallets, and applications.

What is more — tokenization took a leap forward with the introduction of the ERC-20 standard, allowing for digital representations of real-world assets.

Thousands of unique tokens now represent shares, real estate, and more.

Since anyone can create an ERC-20 token in minutes, many projects have turned out to be scams over the years. That’s why performing careful due diligence on their founders, token protocol, and roadmap is crucial.