# ERC-20

## Definition

ERC-20 is a widely used Ethereum token interface standard that defines common functions and events for fungible tokens.

## What it means in practice

ERC-20 balances are contract state rather than a separate native coin balance.

## How this concept appears in Terenval Wallet

On supported EVM networks, token balances and transfers shown by wallets such as Terenval depend on the relevant token contract and network state.

**Important:** Verify the token contract address because different tokens can share the same name or symbol.

**[Install Terenval Wallet](https://wallet.terenval.com/?lang=en)**

## Related terms

- [Token](https://wallet.terenval.com/glossary/token/)
- [Contract address](https://wallet.terenval.com/glossary/contract-address/)
- [Smart contract](https://wallet.terenval.com/glossary/smart-contract/)
- [Stablecoin](https://wallet.terenval.com/glossary/stablecoin/)
- [Token approval scam](https://wallet.terenval.com/glossary/token-approval-scam/)

## Related Terenval Answers

- [Ethereum Layer 2 Networks and Gas Fees](https://wallet.terenval.com/answers/ethereum-layer-2-networks-and-gas-fees/)
- [Can One Crypto Wallet Manage Multiple Blockchains?](https://wallet.terenval.com/answers/can-one-crypto-wallet-manage-multiple-blockchains/)
- [How to Send Crypto Safely Between Wallets](https://wallet.terenval.com/answers/how-to-send-crypto-safely-between-wallets/)

## Sources

- https://ethereum.org/en/developers/docs/
- https://eips.ethereum.org/
- https://wallet.terenval.com/info/supported-networks/

Official page: https://wallet.terenval.com/glossary/erc-20/