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.

ETHwriter: Uniswap - Would You Look at That Shit!

22 Feb 2021 5 minute read 12 comments Thomas Wolf

Last month I wrote Uniswap - To The Top, in which I stated Uniswap was not a token to be taken lightly, and it is known to swing hard - the last 72 hours has been evidence of that. “To expect the unexpected shows a thoroughly modern intellect.” ― Osc...

What is Ampleforth (AMPL)?

20 Feb 2021 1 minute read 0 comments chris04

Ampleforth (AMPL) is an innovative stable coin, based on ethereum's ERC 20 protocol, which tends to be stable with the elastic delivery method. Ampleforth therefore aims to be an unsecured synthetic asset, in fact, it has no collateral whether it is...

What Is Uniswap?

16 Feb 2021 2 minute read 0 comments chris04

Uniswap is a decentralized exchange protocol built on Ethereum. Uniswap, like the other DEFI protocols, allows users to trade without intermediaries, with a high degree of decentralization and resistance to censorship and without any KYC. Uniswap wor...

What is AAVE?

15 Feb 2021 1 minute read 2 comments chris04

What is AAVE? AAVE is the native governance token of the Aave protocol and is based on Ethereum's ERC-20 protocol. Aave, as detectable by Defipulse, is one of the main decentralized finance protocols (DEFI) and the AAVE token is among the largest DeF...

I Sold All My ERC-20 Tokens And Bought ADA.

11 Feb 2021 1 minute read 1 comment Edwin TechKnow

With ETH gas fee's going through the roof that affects ERC-20 tokens, and in my mind, cast them all in a negative light. To transfer fiat money between two different bank accounts, the bank is going to charge you right around $10. After recently spen...

Why do we need ERC-20 tokens or more than just a currency?

11 Feb 2021 1 minute read 0 comments Kattt

What are the main advantages of ERC-20? Safety. The creation of new coins increases the demand for Ether, which makes the entire network even more secure, that is, less susceptible to a potential attack in the future%; Save time and resources. Such...

Pickle Finance - DeFi with a Cucumber Flavour

6 Feb 2021 1 minute read 0 comments Arkemmus

When DeFi meets meme culture.      Pickle Finance is an amazing DeFi project which combines stunning features with a strong sense of humour.    Among its best features, we can mention:   Pickle Jars, that allows users to deposit tokens from liquidit...

Doki Doki Finance - When DeFi Meets OutRun

5 Feb 2021 1 minute read 0 comments Arkemmus

Doki Doki Finance is one of the most exciting projects out there!   This platform has lots of interesting features, such as:    DeFi staking (Dstake), where you can stake and earn interests on 2 different tokens: DOKI and AZUKI. NFT platform (on deg...

Sh*itcoin Of The Day - WinnieXiPooh

5 Feb 2021 2 minute read 0 comments boyka

This is my second entry on a series of blog posts that i will do informing you about the most useless and meme worthy sh*itcoins in existence, today i bring you WinnieXiPooh. The team behind this project claims that for too long, the bourgouimeme has...

Market analysis for a consecutive fifth day. Top mover and loser right now.

4 Feb 2021 2 minute read 0 comments Jreck

Welcome for the fifth day analysis about the top mover and loser right now in the crypto market. Should you concern?  I brought another new analysis on crypto market with no manipulation. However these coins are erc20 token there is very less trust s...