Lesson 19 of 25
ERC-20 Tokens
Build a fully compliant fungible token from scratch.
AdvancedThe ERC-20 Standard
ERC-20 is the token standard for fungible assets on Ethereum. Every DeFi protocol, exchange, and wallet understands ERC-20. The standard defines 6 required functions and 2 events.
Solidity
// The ERC-20 interface
interface IERC20 {
function totalSupply() external view returns (uint256);
function balanceOf(address account) external view returns (uint256);
function transfer(address to, uint256 amount) external returns (bool);
function allowance(address owner, address spender) external view returns (uint256);
function approve(address spender, uint256 amount) external returns (bool);
function transferFrom(address from, address to, uint256 amount) external returns (bool);
event Transfer(address indexed from, address indexed to, uint256 value);
event Approval(address indexed owner, address indexed spender, uint256 value);
}
Full ERC-20 Implementation
Here's a minimal but complete ERC-20 token:
Solidity
// SPDX-License-Identifier: MIT
pragma solidity ^0.8.0;
contract MyToken {
string public name;
string public symbol;
uint8 public decimals = 18;
uint256 public totalSupply;
mapping(address => uint256) public balanceOf;
mapping(address => mapping(address => uint256)) public allowance;
event Transfer(address indexed from, address indexed to, uint256 value);
event Approval(address indexed owner, address indexed spender, uint256 value);
constructor(string memory _name, string memory _symbol, uint256 _supply) {
name = _name; symbol = _symbol;
totalSupply = _supply * 10**decimals;
balanceOf[msg.sender] = totalSupply;
emit Transfer(address(0), msg.sender, totalSupply);
}
function transfer(address to, uint256 amount) public returns (bool) {
require(balanceOf[msg.sender] >= amount, "Insufficient");
balanceOf[msg.sender] -= amount;
balanceOf[to] += amount;
emit Transfer(msg.sender, to, amount);
return true;
}
function approve(address spender, uint256 amount) public returns (bool) {
allowance[msg.sender][spender] = amount;
emit Approval(msg.sender, spender, amount);
return true;
}
function transferFrom(address from, address to, uint256 amount) public returns (bool) {
require(allowance[from][msg.sender] >= amount, "Not approved");
require(balanceOf[from] >= amount, "Insufficient");
allowance[from][msg.sender] -= amount;
balanceOf[from] -= amount;
balanceOf[to] += amount;
emit Transfer(from, to, amount);
return true;
}
}