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This standard enables Ethereum ecosystem's tokens to make assets easily interchangeable and guarantee their compatibility with Dapps of the same standard. The ERC20 standard was introduced to facilitate numerous operations between exchanges, wallets, and smart contracts on the Ethereum blockchain. It guarantees that tokens in the ecosystem will work in a predictable way and follow the security standard set by the parties.
Examples of tokens: EOS, TRX, ANT, QTM, ZRX.
Wallets supporting the ERC20 token standard: MyEtherWallet, Parity, MetaMask.
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