Imagine you want to create a new token for the Ethereum blockchain system. Where will you start? How will your token function within the system? How will you integrate it to the system? When developing such a product it is always good to have a reference, a starting or a guideline. And that is ERC-20 tokens.
ERC-20 became a technical standard for Ethereum-based tokens. It defines a common list of rules that all Ethereum tokens have to follow. With ERC-20 developers can easily predict how new tokens will function within the Ethereum system. It simplifies developers' life, because they know that they won’t have to redo each and every new project every time a new token is released, as long as they follow the rules. SwissBorg’s CHSB token is ERC-20 compatible which means it is stable and secure.
ERC-20 sets six major functions for the benefit of other Ethereum-based tokens. They include how tokens are transferred and how users can access data regarding a particular token. For example, thanks to it nearly all Ethereum wallets also support ERC-20 compatible tokens. Thanks to it you can keep your CHSB tokens in My Ether Wallet.