> For the complete documentation index, see [llms.txt](https://miracle-cash-and-more.gitbook.io/miracle-cash-and-more/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://miracle-cash-and-more.gitbook.io/miracle-cash-and-more/technical-infrastructure/erc-20.md).

# ERC-20

ERC consists of the first letters of the phrase "Ethereum Request For Comments." The "20" comes from the EIP number (Ethereum Improvement Proposal) where the ERC-20 standard was accepted by the network. The reason why the ERC-20 standard was proposed and accepted is to link the token creation process to a certain standard and thus to be able to produce tokens that are easy, fast and highly compatible with each other. The ERC-20 standard minimizes the complexity of the Ethereum network.