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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.
4 Oct 2020 1 minute read 0 comments Freitastutorial
What is Instar? INSTAR is a new digital currency that was created by Insights Network. The primary goal of INSTAR is to enable mutually beneficial data exchange between individuals and organizations using advanced technologies within the Insights Net...
3 Oct 2020 5 minute read 0 comments DEXToken Protocol
DEXToken goes Balancer. We are pleased to announce the DEXG Balancer Shared Pool. We created the official Balancer Shared Pool as a new way to distribute DEXG reward tokens, while at the same time supporting the liquidity of the project. Providing l...
3 Oct 2020 2 minute read 0 comments DEXToken Protocol
The first of our 8 staking rounds is just around the corner and we are getting ready for “IGNITION”. To this end, we want to announce the official release of the staking dApp and give a rundown of the deposit and staking process. We have decided to e...
3 Oct 2020 5 minute read 0 comments DEXToken Protocol
We received so many quality questions from our community AMA with Jollen Chen that we had a hard time choosing which to answer! We’d like to thank everyone that took the time to think about and submit questions. Let’s start right away: Q1: “Will you...
3 Oct 2020 4 minute read 2 comments DEXToken Protocol
After having shared our DEXToken Whitepaper with the world, we are excited to announce the first round of staking, dubbed the “Ignition” round. Hovering at around $3M the DEXG market cap is respectable for a brand new, barely out of the gate, projec...
3 Oct 2020 4 minute read 0 comments DEXToken Protocol
With the upcoming release of the Dextoken whitepaper on the 5th of September, we want to give you more insight into our staking-rewards and dynamic supply system. Staking Rewards — DEXG’s staking model Staking rewards are a popular system to increas...
30 Sep 2020 1 minute read 1 comment Tomadachi
ARK - the project that aims to use a simple technology stack to enable almost anyone to create and deploy standalone blockchains for any use case - has announced the launch of the ARK Migrator, which is said "...to quickly and easily convert your ERC...
26 Sep 2020 2 minute read 5 comments BenKenobi
Since the advent of the DeFi several weeks ago, the price of gas on the ethereum network has reached record highs. What should you do if your transaction remains in a "pending" state because the gas price you paid was too low? What is gas on the et...
25 Sep 2020 1 minute read 0 comments rmsadkri
The first lesson you learned from experts and other experienced traders- NEVER make a decision based on your emotions - NEVER. But, I did that. I did the exact same thing. I made a decision based on my emotion. I could have used logic theories, indic...
23 Sep 2020 5 minute read 0 comments MintDice.com
The cryptocurrency market saw an incredible boost in 2017, with Bitcoin reaching a value of more than $18,000. Subsequently, more people began to invest in various coins, hoping to cash out with huge profits. As investors delved deep into the digital...
