Ethereum is one of the prominent blockchains in the crypto space. It has numerous token standards and among them, ERC20 is preferred by many startups and budding entrepreneurs due to its popularity and beneficial factors.

ERC stands for Ethereum Request for comments and 20 refers to the unique identity number. ERC20 tokens are built on the Ethereum blockchain and it charges a transaction fee in the form of gas. You can easily create ERC20 tokens by following the token standards and integrating smart contracts and other features into it. Want to know why ERC20 is popular?

Let us see,

Why is ERC20 popular?

• ERC20 token is noted as the best performer as it satisfies all the requirements that a token standard should possess.
• ERC20 Tokens are popular because they are very simple and easy to deploy.
• It solves a significant problem as the blockchain-based marketplace and crypto wallet need a standardized set of protocols to communicate with other tokens they manage.

Also, it has several benefits with it, they are

• Funds can be raised quickly
• Automatic transaction
• Secured smart contract
• Easy to create and use
• Cost-effective

After knowing about the beneficial factors and the popularity of the ERC20 token, you will have an interest to create ERC20 token. So Now, for creating ERC20 tokens on your own, you should be aware of the ERC20 token, and the entire process of developing ERC20 tokens in detail. Also, you should have technical skills and programming knowledge like solidity. Else, If you need end-to-end support for creating ERC20 tokens, you can reach out to the trustable ERC20 token development company to create your own token as per your business needs. To choose the best ERC20 token development company you have to analyze based on experience, portfolio, and reviews so that you can create ERC20 tokens with all desirable features in a cost-efficient manner on time.