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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.
A few months ago, I was looking for a decent get-paid-to-walk app and happened upon Young Step / Young Platform. In short, the Step app is the one that pays you to walk, learn things about crypto and participate in challenges, while the Platform app...
New from the MaidSafe 'Safe Network' User Forum, circa April 14th 2022, Maidsafe liquidity is now 10000% better: "pass as little or as much of your existing Omni MaidSafeCoins (MAID) as you want to a burn address via a trusted custodian (Altcoino...
Have you ever thought about creating your own cryptocurrency? For a long time I've had the idea and one day, I finally decided to go for it! So I’m going to give you 5 things you need to know before you create your first crypto token. 1.)Token Vs Co...
This is a step by step guide to launching a basic token on Ethereum using the following tools: Metamask Openzeppelin Contract Wizard Remix Launching on the main net will of course require gas, but these steps are equally applicable for an EVM (Ethe...
![How To Deploy an ERC-20 Token (Using OpenZeppelin, Remix and Metamask) [Guide]](https://www.publish0x.com/img/774976.webp?action=fit&ar=1&enc=webp&h=287&inv=0&ori=1&st=1&up=1&w=510&signature=9aeae0cf2e85395d8c199d437bbeb6da223f2f7c21e0d5bedf0c19f94bab7a48)
I present to you... The reason why nobody takes cryptocurrency seriously: The Will Smith Inu token is not only a meme token about the moment that Will Smith slapped Chris Rock at the Oscars, but also is the number one biggest gainer this...
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Visit DailyCoin for more articles About Wrapped Ether (WETH) is a tokenized version of the original Ether, the native cryptocurrency of the Ethereum blockchain. WETH is pegged to the value of Ether and is used to facilitate direct trade with ERC-...
The first thing I want to say about Socios.com is that it utilises Chiliz (CHZ) as its currency, and I'm extremely bullish on CHZ. But I guess that's an entirely different conversation. Socios.com is a platform that allows sports fans to take part in...
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