Posts

Examining ERC20 Tokens: Unlocking Their Features and Benefits

Image
  Once upon a time, every new cryptocurrency had to have its own blockchain. There are thousands of projects and assets, and only a few of them comply with the ERC20 token standard. Ethereum was the first project that began to act as a platform for the development of decentralized applications (dApps), smart contracts, as well as new tokens. Soon enough, several different token models emerged, the most popular and dominant of which was to  create ERC20 token s. ERC20 is a protocol that developers can use to propose improvements to the Ethereum network. As Ethereum technology attracts huge attention from developers, many projects and initiatives have emerged in the ecosystem. Most projects launched on Ethereum — be it DApps, decentralized finance or other concepts — will come with a native token. They mainly use the created ERC20 token standard to extract benefits that expand Ethereum. Now let’s talk about this standard in more detail. What is the ERC-20 standard about? The “ERC” part i
Post a Comment
Read more

Create a utility token to raise capital for your Business

Image
  In an increasingly digitalized world, cryptocurrencies have become a powerful tool to raise capital and finance innovative projects. In this article, we will explore how Alejandro Melo Fernández founder and economist of The New Token Times will guide you through the exciting process of creating your own utility token. Get ready to discover how this revolutionary strategy can open the doors to unlimited opportunities and take your business to the next level. Don’t miss this incredible opportunity to join the cryptocurrency era and make a difference in the business world! In the current digital age, people are becoming familiar with cryptocurrencies and their adoption. A common query is the difference between crypto coins and tokens. Although both terms are considered “cryptocurrencies”, there are technical differences. In simple terms, a cryptocurrency is created through mining and is native to a blockchain. Instead, cryptographic tokens are developed using standards from an existing
Post a Comment
Read more

ERC20-What is it in Ethereum what are they.

Image
  The Ethereum blockchain was created as a convenient and functional platform for launching dApps. The chain quickly became popular. What is the ERC-20 standard in simple words Before the advent of the Ethereum blockchain, a new network had to be created to launch a coin. This is a complex job that requires a team of programmers to implement. Since the creation of the Ethereum chain in 2014, startups have been able to launch tokens based on it. To make the process even easier, the developers proposed creating tokens using a single template. This significantly reduced the amount of work required. In 2023, any user can launch a token using to  create ERC20 token standard . Programming experience is desirable, but not required. Topic blogs have templates for key features. Decoding the abbreviation and essence ERC stands for Ethereum Request for Comments. This is the name of all proposals for updating the code in the blockchain, 20 is its serial number. ERC-20 is not the only attempt to st
Post a Comment
Read more

What are ERC-20 tokens? Find out now as the decentralized finance industry takes off

Image
In short, they make life easier in a decentralized environment. Why are ERC-20 tokens needed? ERC-20 makes it easier to create new tokens, which is why Ethereum became the most popular ICO platform in 2017. ICO (Initial Coin Offering) is a type of crowdfunding, except that backers receive newly created tokens. This is a way for crypto economy companies to raise capital and finance development. The trading price for one ETH at the beginning of January 2017 was about $8. Two months later, that figure had quadrupled, and the rest was history. The price of one ETH reached a record high of $1,440 on January 13, 2018, an 18,000% increase from the previous year. This happened because ICOs raised millions of dollars on “promises” in their white papers, and many had no actual working product. Speculation became sublimation, and every project was embellished no matter how long it would take to implement features and developments. Now, in 2021, Ethereum will become the main network behind the dec
Post a Comment
Read more