Topic: What are ERC20 tokens? (Read 226 times)
ERC20 tokens are those tokens which are build on the ethereum blockchain.Ethereum wallets like myethewallet, mist,parity, and metamask.
ERC20 tokens is tokens that uses the ERC20 platform (ethereum) as its wallet, or often called by smart contract technology
they are like turd droppings
no skillset required to issue them so now you have 10000 efart projects all with nothing to offer and clogging up the board.
no skillset required to issue them so now you have 10000 efart projects all with nothing to offer and clogging up the board.
Will anyone explain about Erc20 token and their Wallet Support .
The ERC20 protocol standard contains basic functions that any useful token should implement to enable trading. These include transferring tokens, inquiring the balance of tokens at a certain address, and the total supply of tokens.
This is an easier way to keep on track and monitor every ERC20 compatible coins and cross trading between Altcoin network is easier as well.
In my own experience, I can see all of my tokens that I received after bounty campaigns in my personal www.myetherwaller.com through etherscan.oi and all tokens that is ERC20 compliant can be scanned everything from total supply, from and to transactions.. everything is transparent.
ERC-20 tokens defines a common list of rules for all Ethereum tokens to follow, meaning that this particular token empowers developers of all types to accurately predict how new tokens will function within the larger Ethereum system. The impact that ERC-20 therefore has on developers is massive, as projects do not need to be redone each time a new token is released. Rather, they are designed to be compatible with new tokens, provided those tokens adhere to the rules. Developers of new tokens have by-and-large observed the ERC-20 rules, meaning that most of the tokens released through Ethereum initial coin offerings are ERC-20 compliant.
Will anyone explain about Erc20 token and their Wallet Support .
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