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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.
30 Mar 2021 1 minute read 2 comments DimitarM
So I have been a member of Dentavox for over a year and a half. If you don't know what this is let me explain. It's a website that pays users with the ERC-20 token DCN for answering surveys. It's nothing crazy in the amount of money. But I had collec...
28 Mar 2021 3 minute read 0 comments mdominicorobin
The image above is the most recognized search form from the creators of the Presearch Engine. There may be a lot more popular search engines out there but this is what you will yearn for once you get used to its powerful features. I will be discu...
25 Mar 2021 1 minute read 0 comments PLYR Blockchain
Today, hundreds of heterogenous blockchains exist. The vast majority of these are siloed — making it impossible for them to reach their full potential. The cost of this lost potential isn’t borne by each individual project, but by their end users: th...
23 Mar 2021 4 minute read 0 comments fycee
After the UNISWAP listing last March 4, 2021 - which brought huge liquidity, we are excited to announce that Telos (TLOS) ERC20 is now listed today, March 23, 2021 on MXC.com. This is the first centralized exchange that the TLOS ERC20 has been listed...
18 Mar 2021 2 minute read 4 comments EnergyB0x
My blog is named Curi0xity, so I must write you about a funny happening. Yesterday I was reading some noise.cash posts and many users loudly announced an airdrop of 80,000 free tokens. Yeah, there was that strange name, but among 9,000 coins and toke...
16 Mar 2021 22 minute read 9 comments CryptoHob0x
PAID Network Hack Disclaimer: CryptoHobo does not, and has never invested in PAID Network, nor any of its partner projects or networks to date. I hold absolutely no personal position in relation to this article outside of genuine interest for the pro...
12 Mar 2021 2 minute read 2 comments fycee
After a successful launching of the Telos (TLOS) ERC20 Token on the Ethereum Blockchain via Uniswap Listing, from a token-sale in Bounce.Finance, this comes another opportunity given to all community members and token-holders to enjoy. The constantly...
8 Mar 2021 2 minute read 0 comments ScreenTag
As you may know, tokens are divided into two main classes: utility tokens and securities tokens. And while there are thousands of utility tokens, there is no token that falls into the tokenized security class. This is because tokenized securities nee...
27 Feb 2021 4 minute read 4 comments MintDice.com
In recent months, a new alt coin has gained massive amounts of traction and, as of the writing of this article, holds 14th place on CoinMarketCap. So, what is Wrapped Bitcoin? Is It Bitcoin? The answer may actually surprise you. What Is Wrapped Bitco...
22 Feb 2021 5 minute read 12 comments Thomas Wolf
Last month I wrote Uniswap - To The Top, in which I stated Uniswap was not a token to be taken lightly, and it is known to swing hard - the last 72 hours has been evidence of that. “To expect the unexpected shows a thoroughly modern intellect.” ― Osc...
