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ERC20 Token Standard #610

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Sep 11, 2017
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## Preamble

EIP: 20
Title: ERC-20 Token Standard
Author: Fabian Vogelsteller <[email protected]>, Vitalik Buterin <[email protected]>
Type: Standard
Category: ERC
Status: Accepted
Created: 2015-11-19


## Simple Summary

A standard interface for tokens.


## Abstract

The following standard allows for the implementation of a standard API for tokens within smart contracts.
This standard provides basic functionality to transfer tokens, as well as allow tokens to be approved so they can be spent by another on-chain third party.


## Motivation

A standard interface allows any tokens on Ethereum to be re-used by other applications: from wallets to decentralized exchanges.


## Specification

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How about adding:

      The key words "MUST", "MUST NOT", "REQUIRED", "SHALL", "SHALL
      NOT", "SHOULD", "SHOULD NOT", "RECOMMENDED",  "MAY", and
      "OPTIONAL" in this document are to be interpreted as described in
      RFC 2119 https://www.ietf.org/rfc/rfc2119.txt.

## Token
### Methods

**NOTE**: Callers should handle `false` from `returns (bool success)`. Callers should not assume that `false` is never returned!
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I'll be making suggestions to make the document clearer per RFC 2119.

should handle false -> MUST handle
should not assume that false -> MUST NOT assume


#### name

Returns the name of the token - e.g. `"MyToken"`

``` js
function name() constant returns (string name)
```


#### symbol

Returns the symbol of the token. E.g. "MYT"

``` js
function symbol() constant returns (string symbol)
```



#### decimals

Returns the number of decimals the token uses - e.g. `8`, means to divide the token amount by `100000000` to get its user representation.

``` js
function decimals() constant returns (uint8 decimals)
```


#### totalSupply

Returns the total token supply.

``` js
function totalSupply() constant returns (uint256 totalSupply)
```



#### balanceOf

Returns the account balance of another account with address `_owner`.

``` js
function balanceOf(address _owner) constant returns (uint256 balance)
```



#### transfer

Transfers `_value` amount of tokens to address `_to`.
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Please add:

value of 0 should return true and emit the Transfer event.

For some discussion see Consensys/Tokens#47

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I agree that transferring zero tokens should usually be treated as success and though should return true, but I'm not sure about event.

According to current specification, "Transfer" event "triggered when tokens are transferred", and one may interpret this as "when tokens change hands". There are no references to "transfer", "transferFrom" or some other method in event specifications. So, when "transfer" or "transferFrom" method was called, but no tokens actually changed hands (i.e. zero tokens were transferred or "from" and "to" addresses are the same), no event should probably be logged. On the other hand, if tokens changed hands for some reason other than execution of "transfer" or "transferFrom" method, the event should be logged.

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@ethers ethers Jun 19, 2017

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On the other hand, if tokens changed hands for some reason other than execution of "transfer" or "transferFrom" method, the event should be logged.

Yes definitely: we can make this clearer when we can get some clarity on #610 (comment)

The command should `throw` if the `_from` account balance has not enough tokens to spend.


``` js
function transfer(address _to, uint256 _value) returns (bool success)
```



#### transferFrom

Transfers `_value` amount of tokens from address `_from` to address `_to`.

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Please add:

value of 0 should return true and emit the Transfer event.

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I believe that when amount == 0 it should return true, but no Transfer event should be emmited because there is no transfer.

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Valid point that 0 tokens are transferred, but most current implementations fire the event when true is returned. So asking here #610 (comment)

The `transferFrom` method is used for a withdraw workflow, allowing contracts to transfer tokens on your behalf.
This can be used for example to allow a contract to transfer tokens on your behalf and/or to charge fees in sub-currencies.
The command should `throw` unless the `_from` account has deliberately authorized the sender of the message via some mechanism.

``` js
function transferFrom(address _from, address _to, uint256 _value) returns (bool success)
```



#### approve

Allows `_spender` to withdraw from your account multiple times, up to the `_value` amount. If this function is called again it overwrites the current allowance with `_value`.

**NOTE**: To prevent attack vectors like the one [described here](https://docs.google.com/document/d/1YLPtQxZu1UAvO9cZ1O2RPXBbT0mooh4DYKjA_jp-RLM/) and discussed [here](https://github.com/ethereum/EIPs/issues/20#issuecomment-263524729),
make sure to force users set the allowance to `0` before setting it to another value for the same spender.
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minor: "force users set" -> "force users to set"


``` js
function approve(address _spender, uint256 _value) returns (bool success)
```


#### allowance

Returns the amount which `_spender` is still allowed to withdraw from `_owner`.

``` js
function allowance(address _owner, address _spender) constant returns (uint256 remaining)
```



### Events


#### Transfer

Triggered when tokens are transferred.
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MUST trigger whenever tokens move. If tokens are created, _from of 0 MAY be used.

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"If tokens are created, _from of 0 MAY be used."
I dont understand. Can you rephrase?

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ping

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@frozeman Is this clearer: "If tokens are created, a _from address of 0 MAY be used."

Here is an example: https://github.com/ConsenSys/gnosis-contracts/blob/master/contracts/solidity/Tokens/GnosisToken.sol#L38


``` js
event Transfer(address indexed _from, address indexed _to, uint256 _value)
```



#### Approval

Triggered when `approve(address _spender, uint256 _value)` is called.
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"Triggered when" -> MUST trigger when


``` js
event Approval(address indexed _owner, address indexed _spender, uint256 _value)
```



## Implementation

There are already plenty of ERC20-compliant tokens deployed on the Ethereum network.
Different implementations have been written by various teams that have different trade-offs: from gas saving to improved security.

#### Example implementations are available at
- https://github.com/OpenZeppelin/zeppelin-solidity/blob/master/contracts/token/StandardToken.sol
- https://github.com/ConsenSys/Tokens/blob/master/Token_Contracts/contracts/StandardToken.sol

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https://github.com/Giveth/minime/blob/master/contracts/MiniMeToken.sol
(Please note that the contract is now under contracts subdirectory)

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:-D!!!

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I would also like to see the MiniMeToken added to this list. Maintaining historical balance data is key for a number of token use cases.

#### Implementation of adding the force to 0 before calling "approve" again:
- https://github.com/Giveth/minime/blob/master/contracts/MiniMeToken.sol

## Copyright
Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/).