ARC-20

ARC-20 is a token standard used on the Avalanche blockchain, facilitating the creation and management of smart contracts and tokens. It is similar to Ethereum's ERC-20 standard, which ensures that tokens can be exchanged, used, and integrated across different platforms within the Avalanche ecosystem. ARC-20 defines a set of rules that all tokens on the Avalanche blockchain must follow, including how transactions are approved and how users can access token data. This standardization enhances security, interoperability, and functionality for developers and users, enabling seamless integration and interaction with decentralized applications and other blockchain projects on Avalanche.