Are ERC20 tokens smart contracts?

Are ERC20 tokens smart contracts? – Page 2 – Enpatika

What is ERC20 contract address?

26 March 2022 Enpatika.com Genel

An ERC-20 token contract is defined by the contract’s address and the total supply of tokens available to it, but has a number of optional items that are usually provided as well to provide more detail to users. These are the token’s name, its symbol, and the number of decimals.

26 March 2022 Enpatika.com Genel

Just like other Ethereum tokens, ERC20 tokens are implemented as smart contracts and executed on the Ethereum Virtual Machine (EVM) in a decentralized manner.