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.

XYO one of the largest blockchain networks in the world!

15 Oct 2021 1 minute read 0 comments Hepatic

Three million nodes and counting!  Yes, you read that right, the XYO network has surpassed the 3 million node mark and has quickly become one of the worlds largest Blockchain networks!  I've included the link to the Medium article below along with th...

Another good article outlining XYO!

13 Oct 2021 1 minute read 0 comments Hepatic

I figured I would quickly share a decent synopsis article about the XYO token published in Techstory (link below).  The author does a pretty good job os explaining the XYO concept, token, and seems to have a pretty good understanding of the potential...

FTX token in focus, the leading derivatives exchange

12 Oct 2021 2 minute read 3 comments Austras

Back in 2016/2017 a group of traders found that there was a lack of exchanges that properly offered a strong platform for traders to leverage themselves with. This group consisted of Sam Bankman-Fried & Gary Wang who got together and founded FTX, a d...

Earning Crypto rewards and privacy with Presearch search engine for searches: An alternative to google

10 Oct 2021 2 minute read 1 comment The Glitcher

What is Presearch? Presearch is a decentralized search engine built using blockchain technology which is in contrast to existing search engines which are centralized.    What makes Presearch unique and eye-catching? There are hundreds of search eng...

UKspreadbetting and LondonReal

24 Sep 2021 1 minute read 2 comments Hermitworldwide

Tokeniac I meant to write about how instrumental social media has been in my exploration of crypto. More especially on the truthful Blockchains, can't appreciate the incorruptible technology that only pairs with perfectly fitted blocks to form the c...

Wrapped Bitcoin in focus, bringing Bitcoin to Ethereum

21 Sep 2021 2 minute read 5 comments Austras

The idea behind crypto has come a long way from what it orginally was. Controlling your money and quick payments with low fees was the basic premise, full control of your money. Today this is a basic function of every crypto and if Bitcoin came out t...

Torum (XTM) Launches On Uniswap!

16 Sep 2021 2 minute read 0 comments Sapphire

Congratulations To Torum Being involved with Torum back in the days when we were in beta testing, the community was very small and the road ahead looked extremely challenging. Years later and Torum has just launched the XTM token on Uniswap! One thin...

All You Need To Know About - Chiliz Ecosystem

10 Sep 2021 5 minute read 7 comments Mishal Alexander

Forewarning - I am not a financial adviser nor should you take financial advise from me. This post is only meant for educational purposes only. I will not be responsible for your profits or losses. So before putting your hard earned money into any bl...

Revain (REV): Price Updates, Recent Developments, Future Events, Community

8 Sep 2021 3 minute read 0 comments DailyCoin

Visit DailyCoin for more articles. Revain is a network designed to provide developers with accurate and credible reviews about their blockchain products. Launched in 2018, Revain currently has two tokens, RVN and REV token, which facilitates the...

ARNO Token 2nd Round IEO

30 Aug 2021 1 minute read 0 comments Okane Satoshi

ARNO Token - A Real Nanotechnology Project. A new work week has begun, and so have we. Despite the end of both IEO rounds on all exchanges, we are not going to rest on our laurels, but we are still working hard on the implementation of our project....