The Purpose of ERC-20 - The primary purpose of the ERC-20 standard is to ensure interoperability between different assets and applications on the Ethereum blockchain. This interoperability makes it easier for developers to predict how different assets will interact with each other and with various applications. ERC-20 assets can be used to symbolize a wide range of digital assets or tradable goods, such as digital tokens, vouchers, gold certificates, loyalty points, and IOUs. They can also be used to tokenize voting rights during elections.
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