What is ERC-20 Tokens? All About Ethereum's Most important Token standard
In 2014, Vitlalik Buterin and it's additional partners introduced Ethereum as an open-source platform for creating decentralized applications.Most of Buterins motivation for creating a new Blockchain platform came from Bitcoins lack of flexibleity. Since then, the Ethereum Blockchain has attracted developers, enterprises, and entrepreneurs from all around the globe, resulting in an increase in user's employing smart contracts and distributed applications. Ethereum Blockchain support over five tokens standards, each of which reflect the rules and conditions token must adhere to be declared as Ethereum compatible. One such crucial token standard that we will discuss in this extensive article is the ERC-20. Although the impact of the ERC-20 standard on the Ethereum price is very limited, it helps in regulating the creation and issuance of smart contracts on Ethereum, Token enabling crowdfunding, token sales, and the developing decentralized applications. ERC-20 Token Standard: B...
