In the Web3 era, secure storage and management of crypto assets have become essential courses for every investor. As the core asset type in the Ethereum ecosystem, ERC-20 tokens' security directly relates to the safety of your funds. However, the market offers a wide variety of ERC-20 wallets, from lightweight solutions like MetaMask to professional-grade hardware wallets like Ledger. How should you choose?
Deep Understanding of the Relationship Between ERC-20 Standards and Wallets
What is ERC-20? Simply put, it is a unified standard on the Ethereum blockchain. All tokens adhering to ERC-20 rules can achieve interoperability, allowing developers to easily create new tokens and users to manage all compliant assets with the same wallet. This standardization has driven explosive growth in DeFi, governance tokens, and stablecoins.
Correspondingly, an ERC-20 wallet is a storage tool specifically designed for these types of tokens.