ARC-20 defines a specification for smart contract governed Algorand Standard Assets
ARC-20 is a final standard that establishes a specification for an Algorand Standard Asset governed by an Algorand smart contract. It was published on 27 April 2022.
The standard links the concept of an ASA, which is Algorand's native token type, to smart contract logic as the controlling layer. This means the asset's behavior is defined by the contract code rather than by standalone parameters.
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