What is an ERC20 Token?
If you’re reading this page, you’ve probably heard the term ‘ERC20* Token’ thrown around, especially in the wake of the recent boom in ICO funded blockchain start-ups.
‘ERC’ stands for ‘Ethereum Request for Comments”. This is an official protocol for proposing improvements to the Ethereum network. '20’ is the unique proposal ID number.
Sometimes, token contracts do not handle token transfers correctly, sometimes because the fee was too low, or the contract was incorrectly programmed. In these cases, examining your transaction on a blockchain explorer like Etherscan will show an error:
By now, you may have noticed that within your Exodus wallet, your ANT, GNT, REP, EOS, and other ERC20 assets share the same receiving address as your Ethereum address. Now you know why!