315 Articles 15 Followers
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.
The Latest Project From Jeff Kirdeikis I was surprised to find out that TrustSwap is the first project to offer time-based payments. Such an essential service in the world of payments and yet nobody has ventured into the space. You may recognize the...
Uniswap is getting attention both as a simple way to swap funds from one EC20 token to another, and as a way to earn from crypto holdings by providing liquidity to the market. Uniswap is a protocol running on Ethereum, it enables swaps without the n...
If you're following crypto world actively then probably you've heard 'ERC-20' term hundreds of times and if you're really not a developer kind a person then after digging more you had encountered with more difficult terms like mainnet, smart contract...
This day was a long coming but it is here. The ERC20 tokens are worth more than the platform itself according to Camila Russo from The Defiant. Ever since the DeFi (Decentralized Finance) has been gaining traction this was coming. Here are some of th...
Stoinks(STO) is a new ERC-20 Token, where you can stake the tokens at discord. The token will be released on 8th of august. With an total supply of 1,000,000,000,000 STO the price for one will be very low but so u can buy more😂. Right now you can bu...
Is this a Ponzi scheme or a pyramid scheme? A BIG NO! Both Ponzi scheme and pyramid scheme will use new investors' funds to pay the earlier backers. Nevertheless, in this typical staking, new tokens will be mint and use to pay all stakers. So, no mat...
I stumble upon a bug when trying to connect my Trezor Wallet to Brave browser, when clicking on "Connect", the connection screen would stay stuck on "Loading". I tried to find answers on Reddit and Brave's community forum, but no solutions were given...
When you use Presearch to search the web, you will be rewarded with Presearch tokens (PRE). These PRE tokens can be used to buy services or they can be traded for other cryptocurrencies. In this post, let`s have a closer look at the development of Pr...
On June 28, MakerDAO announced that it has approved the Kyber Network (KNC) and 0x (ZRX) assets as collateral for its lending protocol. The two assets join Ethereum (ETH), Wrapped Bitcoin, Basic Attention Token (BAT), USD Coin (USDC), and two real wo...
Atomic Wallet has among its functions the option of staking where we can choose between 9 different cryptocurrencies and 2 Airdrops. In some cases we can decide what percentage of profit can be generated and the source. Also when staking some we will...
