ERC20 Functions (totalSupply & balanceOf) | Part 5 of 9 

Ever wondered how ERC20 tokens keep track of their total supply and individual balances? In this episode, part five of our ERC20 tokens deep dive, we unveil the magic behind two crucial functions: totalSupply and balanceOf.
Get ready to explore:
What is the totalSupply function and how does it define the total number of tokens ever created?
Understanding the balanceOf function and how it reveals the balance of a specific address.
How these functions interact with the ERC20 token interface for seamless operation.
By understanding these functions, you'll gain a deeper appreciation for the mechanics of ERC20 tokens and how they manage their supply and distribution.
This video is ideal for anyone who wants to move beyond the basics and grasp the technical aspects of how ERC20 tokens function.
Stay tuned for the next episode where we'll explore other essential ERC20 functions like transfer and allowance.
Don't forget to like and subscribe for more in-depth explanations of ERC20 tokens!
P.S. Leave a comment below with any questions you have about totalSupply and balanceOf functions.
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