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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.
23 Sep 2020 3 minute read 24 comments CivilNippon
I have a love-hate relationship with ERC-20 tokens. Not that I'm a block-chain expert or developer, but it seems that anybody can just have an idea (or lack of one, thereof), and create a new ERC-20 token to add to the myriad. There's nothing wrong w...
20 Sep 2020 18 minute read 4 comments HIBYEMY
What is $WHALE? So first of all what even is $WHALE? $WHALE is the world's first social currency backed by high-value assets like NFTs, or non-fungible tokens! $Whale is also based on the Etherum blockchain, so that means is that it's an ERC-20 token...
16 Sep 2020 1 minute read 2 comments Dipendra
Hello Guys :-D This is known fact that every publishOx user using Brave browser And i am also using since November 2019 and i loved it day by day and i am addicted of it whatever i want to search on internet i use brave means i am using it 100%, So...
12 Sep 2020 5 minute read 12 comments MintDice.com
Everyone who trades cryptocurrencies is probably familiar with crypto exchanges at this point. Much like having an account with E-Trade, depositing money on the exchange, and then buying shares and stock through the account, crypto traders jump throu...
1 Sep 2020 1 minute read 5 comments Sapphire Crypto
Gas Fees Will Increase While TRC20 & BEP2 Transaction Fees Remain Stable Each time ETH surges 5% to 8% gas fees go through the roof and this is unlikely to change prior to the launch of ETH 2.0! ETH is currently looking at heading towards $500 and it...
28 Aug 2020 1 minute read 12 comments Abhimanyu Krishnan
The Uniswap exchange had introduced a new feature called Token Lists to help combat fake tokens that are being listed on its platform, the team announced on August 26. The initial Token List launch includes an ERC-20 list standard, a home page and...
20 Aug 2020 6 minute read 1 comment Cryptozeean
DeFi Boom is everywhere but it must be inclusive not the exclusive I have come across many platforms which is supporting the #DeFi but also feel sad about that old ERC20 Tokens not being included and specially when they are good projects they need...
17 Aug 2020 1 minute read 0 comments nvd5
ERC20 token is blockchain-based which is similar functionality like bitcoin, ether, and bitcoin cash: it can be transferredErc20 token designed and used on Ethereum platform.It can be ✓shared✓Exchanged✓Transfer Rules for Ethereum platformToken name...
14 Aug 2020 1 minute read 0 comments tux3do.crypto
KIWI is a community project and one of the first mine-able ERC20/918 tokens. No pre-mine or ICO. Thus, it has intrinsic value, fair distribution, and no corporate agenda. KIWI is used in crypto currency payments, NFT trading, engagement rewards, a...
12 Aug 2020 1 minute read 0 comments bobby d!gital
These two projects are a hot topic amongst traders of all types these days. Defi is hot. Binance and Coinbase have reported a massive increase of online traffic in past weeks. There is more institutional buying recently in a very long time. With th...
