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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.
15 May 2020 1 minute read 0 comments Potaball
Good news! Minereum team kept their words. They implemented a feature which enables the users to destroy their 32000 MNE (level 1 genesis address) with no hidden fee other than Ethereum gas fee. For those who want to get rid of Minereum, no bother, y...
6 Apr 2020 2 minute read 20 comments Potaball
Have you ever heard about Minereum V2 Airdrop? TO BE CLEAR, this airdrop ended in the last few weeks ago, now the participants are waiting for distribution. What is the airdrop? Minereum team promises that they will airdrop genesis addresses that w...
9 Mar 2020 2 minute read 0 comments FarewelltoMinds
CoronaCoin NCOV Airdrops x85 to Holders! Coronacoin began taking off after receiving a large amount of mainstream press coverage, from Business Today to The New York Times. As with any crypto coverage in these organs of the ruling class, you would ex...
28 Feb 2020 1 minute read 0 comments Sebuska
I invite everyone to join the proven NIGHT LIGHT COIN project. The NLC token will soon have a great chance to appear on the WhiteBit exchange. Currently it is possible to buy tokens via Selfdrop, more details can be obtained directly on the official...
5 Feb 2020 1 minute read 0 comments Cobratitans
Yobit exchange still amazes investors. In their platform the YODA token has just been entered and for those wishing to earn from this token it is possible to invest in their section and earn as much as 1% per day. The token is currently priced at 0.0...
9 Jan 2020 4 minute read 0 comments P2P_Guru
What if there was a place on the Internet where you could find all the Movies, Tv-Shows, Games or other multimedia and if anything is missing, you could just add it yourself, help other users and be rewarded for your activity and contribution? Sounds...
5 Jan 2020 1 minute read 0 comments Eflyra
Can't find specific erc 20 token address in your erc20 wallet? Watch this video to learn how you can manually add custom token that you can't find in your erc20 wallet.
18 Oct 2019 1 minute read 0 comments Crpyto Hub
Hi all the you all now about but some of people does not know about the ERC-20. erc 20 is based on ether network. Etherum start new way of earning with this tokens.you can earn with airdrops every new exchange and compnay that is about the crypto is...
28 Jul 2019 4 minute read 0 comments fulghum
Yesterday I promised to continue the article on Basic Attention Token (BAT). Here it is. Today we will focus on linking the BAT currency and the Brave web browser. Brave, a bold browser dedicated to protecting your privacy. Brave is a powerful web-b...
27 Jul 2019 6 minute read 7 comments jadams2k18
I've always liked this platform. And what better time to talk about it than now, who are about to implement their version 2.0 (Well in 2020). Everyone knows Ethereum as the second most important cryptocurrency. But before we start talking about its i...
