Pros and Cons of ERC-20
Advantages:
🔵 Simplicity and Standardization: With unified rules, it is easier for developers to create and integrate tokens into applications.
🔵 Wide Support: ERC-20 tokens are supported by most cryptocurrency wallets and exchanges.
Disadvantages:
🔵 High Fees: Due to the load on the Ethereum network, transactions with ERC-20 tokens can be expensive.
🔵 Limited Functionality: The ERC-20 standard does not support complex operations, such as automatic execution of specific conditions, requiring the use of more advanced standards.
Overall, ERC-20 has been an important step in the development of the cryptocurrency industry, allowing tokens to be created and used on the Ethereum blockchain with minimal effort.
