Are ERC20 tokens smart contracts?

Are ERC20 tokens smart contracts? – Page 2 – Enpatika

Are all tokens smart contracts?

26 March 2022 Enpatika.com Genel

But not all smart contracts are tokens , according to Martha Bennett, a principal analyst at Forrester Research. “You can have smart contracts running on Ethereum that trigger an action based on a condition without an ERC-20 or ERC-721 token involved,” she said.

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.