ERC20 token creation

How do you create a ERC20 token? When you create a token in the Ethereum wallet is that a ERC20 Standard Token?

Are ERC20 tokens what most tokens are that are trading on exchanges?

Comments

  • BrianErdelyiBrianErdelyi Posts: 3Member
    I recently created ERC20 tokens using the smart contract found at https://www.ethereum.org/token.

    ERC20 is a token with core functions that behave like cryptocurrencies. ERC20 is likely the most common that are traded but others may have added functionality (and still be compatible with ERC20 if they retain the core functions).

    Hope that helps.
  • o0ragman0oo0ragman0o Posts: 1,251Member, Moderator mod
    ERC20 describes only the common API functions and can be found in the Ethereum Github EIPs repo.

    The implementation and functionality of any contract is up to the author and so the functions themselves can do anything the author wants them to, including acting maliciously. By that, it's most important to only transact with contracts that you can know are trusted.
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