Intermediate
ERC-20 Token Implementation — Check your understanding
Create a standard token.
Developer Intermediate
8/8 — ERC-20 Token Implementation — Check your understanding
PausePause before shipping and confirm you can articulate risks and mitigations without peeking at the code. Auditors and integrators will ask questions like these.
Key points
- Explain ERC-20s to a:Non-technical friend in two sentences, including what the standard guarantees.
- Name one concrete risk:When allowances are misused and how you would mitigate it in UX and contracts.
- Describe one good practice:That reduces mint/burn risk (e.g., using OZ roles, multisig ownership, or timelocks).
- State why emitting Transfer:And Approval events consistently matters for wallets and indexers.
- List the steps you:Would take to speed up or cancel a stuck approval transaction.
- Share one way you:Can prove to integrators that your token code matches the verified source (hint explorer verification).