The financial world is currently awash with the marvel of the blockchain technology and the magic of cryptocurrencies at large. For the amateurs, the industry is merely a money-making machine that revolves around Bitcoin and some tech related stuff. For the enthusiasts though, they view this field in a completely different way as they understand the nitty gritty stuff within. This same analogy can be placed with Ethereum, smart contracts and ERC20 tokens where most non-enthusiasts don’t understand the working behind the technology. This article explains how ERC20 standard works, how ERC20 tokens can be developed and how they work.
Read more on ERC 20 here:
https://www.tokens24.com/cryptopedia/ba ... 0-standard
What is ERC 20 Standard?
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toholdornot
- Nickel Bitcoiner
- Posts: 26
- Joined: Tue Mar 20, 2018 1:28 pm
Re: What is ERC 20 Standard?
Hello,
Every new start-up ICO last year was coming up with their whitepapers and ‘ERC20 tokens’ to collect millions from crowdfunding.
ERC20 is a protocol standard that defines certain rules and standards for issuing tokens on Ethereum’s network. In ‘ERC20’, ERC stands for Ethereum Request For Comments and 20 stands for a unique ID number to distinguish this standard from others. we have an HTTP protocol for internet, we have a standard protocol for tokens to be issued on Ethereum.
Now you know how easy it is to create an own ICO website, ERC-20 crypto-asset in an open-source project like Ethereum.
Every new start-up ICO last year was coming up with their whitepapers and ‘ERC20 tokens’ to collect millions from crowdfunding.
ERC20 is a protocol standard that defines certain rules and standards for issuing tokens on Ethereum’s network. In ‘ERC20’, ERC stands for Ethereum Request For Comments and 20 stands for a unique ID number to distinguish this standard from others. we have an HTTP protocol for internet, we have a standard protocol for tokens to be issued on Ethereum.
Now you know how easy it is to create an own ICO website, ERC-20 crypto-asset in an open-source project like Ethereum.
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ICO Enthusiast
- Nickel Bitcoiner
- Posts: 17
- Joined: Sat Mar 17, 2018 7:15 am
Re: What is ERC 20 Standard?
ERC20 is a standard set of rules which is implemented by Ethereum token. It gives the ability to developers for program new tokens which are working in Ethereum system.
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