For cryptocurrencies, as for software, a “standard” is a specific set of features and developer requirements. When a new product is created, the currency will be compatible with the system as it must follow the rules. The ERC20 token development establishes the requirements for the operation of...
Payments in ERC-20 digital coins are protected by cryptographic methods. Standard assets differ from others in a number of properties:
They do not have their own blockchain.
Use an approved address format.
Transmitted as a transaction of ether in the amount of 0 units.
They don't mine. They...
ERC stands for “Ethereum Request for Comment”, where the concept “request for comments” is a similar one devised by the Internet Engineering Working Group as a means of sending essential technical notes and requirements to a group. of developers and users.
The ERC-20 standard has been vital to...
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Tokens, unlike cryptocurrency units, are generated by the creator of the ICO and can act as a discount or bonus for a product. They serve as a kind of status marker. Tokens show the presence of money in the account, reflect the user’s merits, allow him to use certain services and buy goods...
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