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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.
12 Apr 2020 1 minute read 0 comments Potaball
Ladies and gentlemen, after four months of waiting, Minereum finally launched their new platform as well as fully distributed 1197634 in total Minereum V2 genesis addresses to all airdrop participants. All promised features will be formally online no...
5 Apr 2020 2 minute read 0 comments Potaball
Surely, Minereum can give you the answer. Don't have a miner, CPU, GPU or whatever mining equipment? No problem, you still can mine crypto on your own. Minereum introduced the first self-mining mechanism based on Ethereum smart contract to mine their...
5 Apr 2020 1 minute read 1 comment Freitastutorial
Personal New Token You can earn Mining on Your Mobile This and the Thunder Token Erc20 Token Earn 5 TT every day just by entering the app every day In addition to the Stake option Usage mode You will download the App as soon as you install it you wi...
1 Apr 2020 2 minute read 0 comments Virendar
BlackGold also known as BLKG is a new, up-and-coming altcoin that is intrinsically bound to the price of oil. I read the whitepaper and now plan on sharing what I could gleam from the official project plan. What is the motivation behind BLKG? Well I'...
29 Mar 2020 8 minute read 11 comments SkinnerCrypto
I love writing. Hell, I love writing for YOU fine people! It's a hobby, and a therapy and an all-out good time. I'm always looking for something new to learn about so I can inform and with a little luck make somebody shit themselves with laughter. It...
27 Mar 2020 4 minute read 21 comments Cryptonator`s
What can we tip on Publish0x? Right, we can tip ERC20 tokens like BAT and DAI. ERC20 tokens are tokens designed and used solely on the Ethereum platform. They follow a list of standards so that they can be shared, exchanged for other tokens, or trans...
26 Mar 2020 2 minute read 3 comments L
As 2020 goes on. Huge number of developers came clinching for their own variety of token. As you may notice, social media and IM platforms have been racing for records of new token releases and airdrops. One of the very few I picked, and which I a...
21 Mar 2020 2 minute read 1 comment SylarHeisenberg
The planned blockchain game The Sandbox has received a substantial financial injection. The Japanese AAA game maker Square Enix also participated in the financing round for the Ethereum-based game, which will use several token standards. The investme...
18 Mar 2020 1 minute read 0 comments Freitastutorial
For those who like to win cryptocurrencies Free here is a great application for you, you are winning in a simple and easy way just download the application on your mobile phone create your registration and start earning with cloud mining Application...
16 Mar 2020 1 minute read 0 comments SylarHeisenberg
The Federal Financial Supervisory Authority (BaFin) has approved the security token offering of the Italian company ParkinGO. The authority has thus laid the regulatory foundation for cross-border STOs. Despite the all-dominant corona issue, there ar...
