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.
Happy Saturday, everyone! Last week, I alerted the P-0x fam to the bounty program of a promising project operating in a gigantic, $300B industry -- data services. In case you missed it, click here to take a trip in a time machine. This week, their te...
Postponed twice, faced many setbacks as a result of potential security vulnerability found in one of the software upgrades combined with strong disagreements from the Ethereum core developer and security community for a delayed upgrade. The much anti...
Whenever e-commerce is mentioned one giant will forever be tagged for massively making online shopping possible, “Amazon” and how it’s Founder and CEO Jeff Bezos disrupted the commerce industry in the nineties using the power of the internet and toda...
In a February 18th, Reddit AMA, Ethereum founder and his core team revealed there cryptocurrency holdings (other than Ethereum of course). So, what exactly does Ethereum’s outspoken leader have in his portfolio? Let’s take a look. For starters, the R...
In true American fashion, the chair I’m sitting on was made in China, my table is from Thailand, and the whiskey on my shelf was imported from Ireland. Most of the stuff around me originated from somewhere else, and if you’re indoors it’s a safe bet...
It might interest you to know that 44.6% of calls to mobile phones will be scam calls by the Q2 2019 rising from 3.1% in Q2 2017 to 29.2% in Q2 2018 according to First Orion, a leading provider of phone call and data transparency solutions. Collectin...
Hello everyone! And again another new airdrop in Coinbase! It's always a good new. We like those fast and easy quizzes of three questions with which we can earn 3$ this time in 00 tokens (P00LS). It's simple, just go to the menu of the wallet app or...
A few months ago I came up with an ambitious plan, a straightforward idea: everything and anything I do, every day, has to be a source of passive crypto income. The good news is it is not as impossible as it sounds, the bad news is we’re obviously...
Gamee, a digital game company, is starting its play-to-earn / NFT journey launching its mobile application: Arc8. The GAMEE Token (GMEE) is an ERC-20 utility token that is designed to be the currency of purchase, utility, reward and action in support...
REVV is the latest Coinmarketcap Learn and Earn campaign and users who will successful respond all the questions of the quiz will receive 5$ worth of REVV Token in a First come first serve policy distributed on their Metamask ERC-20 wallet. The camp...
