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Creating an ERC20 token on the Ethereum blockchain involves writing and deploying a smart contract that complies with the ERC20 standard. ERC20 is a widely-used token standard enabling interoperability among tokens and decentralized applications (DApps). The process starts with defining the token's properties such as its name, symbol, total supply, and decimal places. The smart contract, typically written in Solidity, includes essential functions like transfer, approve, transferFrom, and balanceOf, which ensure that tokens can be moved between accounts, tracked, and used in various applications. After the contract code is written, it is compiled and deployed to the Ethereum network using tools like Remix, Hardhat, or Truffle. During deployment, the creator pays gas fees in Ether to execute the contract deployment transaction. Once deployed, the token becomes live and can be interacted with on the Ethereum network. Developers can further enhance the token's functionality by adding features like minting, burning, or integration with decentralized exchanges. Creating an ERC20 token opens opportunities for fundraising (e.g., ICOs), governance, and utility in blockchain-based ecosystems, providing the foundation for DeFi, gaming, and other innovative applications.