Are ERC20 tokens smart contracts?

What is ERC20 contract?

26 March 2022 Enpatika.com Genel

An ERC20 token is a standard used for creating and issuing smart contracts on the Ethereum blockchain . Smart contracts can then be used to create smart property or tokenized assets that people can invest in. ERC stands for “Ethereum request for comment,” and the ERC20 standard was implemented in 2015.

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.