ERC-20 Token News, Opinions and Analyses Created by Users

ERC-20 Token

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ERC-20 refers to the token standard of the Ethereum (ETH) network. Several tokens have adopted the versatile standard and the cryptocurrency market is replete with ERC-20 tokens. More popular ones includes Basic Attention Token (BAT), Maker (MKR), Augur (REP), OmiseGO (OMG) and Ziliqa (ZIL). Tens of thousands of ERC-20 tokens exist on the Ethereum mainnet.

ERC-20 tokens do not have their own blockchain, instead running on the Ethereum mainnet. When a token is referred to as an ERC-20 token, what is actually being referred to is the fact that the tokens follow the ERC-20 protocol standard. This protocol is a set of rules and communication standards that enables the use of smart contracts. To a degree, this standard lays a common foundation for these tokens, which allows for multiple tokens to run on the Ethereum network. Without going too much into detail, the ERC-20 standard defines six different mandatory functions within the Ethereum ecosystem, and three optional ones.

The benefits of having a common standard include better smart contract security, a commonality in the tech, and quicker and more convenient token implementation.

The proliferation of the ERC-20 standard has led to the creation of other standards, such as TRON’s TRC 10 and TRC 20 standards. Each comes with its own rules that have been adapted to suit its network.


What is Wrapped Bitcoin (WBTC)?

8 Jul 2021 3 minute read 0 comments changteck

Note: This post contains affiliate links. I will be earning certain bonuses if you click through the links, and I aim to be very transparent by letting you know what I stand to gain. When it comes to cryptocurrencies, Bitcoin has long been the gold s...

PUNKCOIN (PKC): THE REBEL UNDER CRYPTOCURRENCIES, A DIFFERENT ERC-20 PROJECT

22 Jun 2021 2 minute read 0 comments adriaparcerisas

With punk in mind as a rebellious, non-conformist and playful culture, a group of guys have started a new project based on cryptocurrencies within the world of decentralized finance. The project is called Punkcoin (https://www.punkcoin.net/) and has...

What Is ERC-20 Ethereum Standards & How It Is Used?

18 Jun 2021 6 minute read 5 comments CryptoWise

ERC-20 standard allows developers to build token applications that are interoperable with other products and services. Today we will understand all the nuances associated with ERC-20  “Ethereum blockchain sets the right foundation & comes loaded w...

Is it good buying tokens during ICO

8 Jun 2021 1 minute read 4 comments Defiant Pathfinder

I am going to do a short analysis on whether you should buy tokens during ICOs or wait until they are listed on the coin market capitalization and being traded on CEX & DEX. The Positive Side Like its always said the early birds catch the fattest wor...

What Are ERC-20 Tokens

7 Jun 2021 3 minute read 0 comments CryptoWingnut

In today’s article I am going expand on my previous one, Smart Contracts: Code Is Law, and take a look into the world of ERC-20 tokens. This should be a short and sweet article, as there is not a lot to them, but they are a pretty valuable resour...

High Gas Fees haunting Uniswap

2 Jun 2021 3 minute read 0 comments Crypto Punk

Uniswap is a decentralized exchange, which has two smart contracts on the Ethereum platform, as well as a public, open-source front-end client. Uniswap lets users swap ERC20 tokens, including ETH, with other ERC20 tokens. Users can also contribute t...

The Dark Side of Swapping and Sending ERC-20 Tokens

23 May 2021 1 minute read 10 comments Defiant Pathfinder

I do not know how i should say it but these ERC-20 Tokens owning them is so stressful, It might sound weird but that is the naked truth. Whenever you own them you will be happy that i now have my tokens when the price goes up i will make some money w...

My personal token and how you can earn from it - tokenomics

23 May 2021 1 minute read 0 comments Harry89PL

Today I'll describe what tokenomics is behind my personal token. 🙏How to get some CHAR-s 🙏 Share my articles from publish0x or my blog on your social media (must be public and live for at least 24 hours) then send me a link to the shared post via em...

GetBlock Partners SimpleHold Multi-Currency Non-Custodial Wallet: Details

17 May 2021 1 minute read 0 comments GetBlock

GetBlock team is thrilled to announce that SimpleHold, a next-gen multi-platform cryptocurrency wallet, will get connected to blockchain nodes via our instruments. GetBlock empowers SimpleHold with Ethereum (ETH) & other nodes SimpleHold is a light n...

Ampleforth(AMPL) Investment

15 May 2021 1 minute read 7 comments Jastin Roberto

In my opinion, Ampleforth(AMPL) is a good currency for investment and trading because its amount fluctuates between a certain amount and can be bought very low in a small amount, and after a few days and finally a few weeks, you will get a multiplier...