317 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.
5 Oct 2019 4 minute read 5 comments raven
One of the most daunting aspects of getting into crypto for beginners certainly is learning how to manipulate wallets, especially the most essential part: keeping it safe. Now if you read any forum on the internet you will get the same advice: buy a...
5 Oct 2019 7 minute read 0 comments Juan Molina
Medical specialties have been developed in the last centuries since the establishment of modern medicine. According to the parts of the body affected by some pathology, efforts to provide well-being and health should be emphasized. For this the precu...
26 Sep 2019 5 minute read 2 comments MintDice.com
The Po.et (POE) cryptocurrency project is a venture that directly addresses issues with content ownership and piracy. Every other day, creatives are faced with the hassle of confronting those who have duplicated their work. Often, this leads to lengt...
11 Sep 2019 1 minute read 0 comments nejibens
Erosion is a special crypto project, with a different and attractive concept. We aren't here talking about ICO or IEO project, but about a spacedrop (already done) and a project with so many genius features, making it a bit different than other usual...
25 Aug 2019 1 minute read 2 comments Thiago Capuano
Waves DEX, the decentralized exchange of Wave Platform already works with coinomat gateway, providing support for some cryptocurrencies, but now it has innovated once again, starting to accept Etherium tokens, known as ERC20. We all know that the pr...
20 Aug 2019 1 minute read 2 comments Medal182
The Brave browser is ready to implement more features, Coindesk reported on Thursday, August 15. Support for native cryptocurrency wallets has been added to Brave Nightly, according to a shared Reddit post. Brave Nightly is a trial and development ve...
17 Aug 2019 1 minute read 0 comments alberdioni8406
Cryptocurrency has a volatility market and tokens with that are Inflactionary tends to loose value due to that coins like BlockBurn get created to combat those problem and reducing the supply help the asset to gain more market stability and the asset...
14 Aug 2019 4 minute read 0 comments Jino
As an cryptocurrency investor, you must be prepared to DYOR (do your own research) and take the time to analyze and study any potential ICO you may wish to invest in. It is so easy to get caught up in fake marketing and hype, leading you to make bad...
12 Aug 2019 1 minute read 0 comments alberdioni8406
BlockBurn BURN is a Deflationary token created to combat the problem of the Oversupply in the crypto market and with an total supply of 2 million tokens that got deplet 2% for every transaction made in the main wallet until only 800000 BURN are left...
9 Aug 2019 4 minute read 0 comments Africahead
What is a brand token? A brand token is contractually backed by Intellectual Property, but do not generalize about the term. Because of securities law, most tokens are classified as utility tokens. It means, utility tokens are not backed by assets a...
