NFT marketplace development service

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...

  The ERC-20 standard was created to expand the possibilities of solving the problem of compatibility of currencies based on the Ethereum blockchain with the network. The creation of the Ethereum ecosystem made it possible to foresee a positive future for the development of cryptocurrencies and offered completely new opportunities for decentralization, such as the development of smart contract implementation along with decentralized services and initiatives.Using the ERC-20 standard, developers can create tokens on top of the Ethereum blockchain in order to standardize all tokens on the Ethereum distributed ledger and simplify the network. In this article, we will talk about the  ERC20 token development  standard, its practical application and what tokens currently work based on this standard. At the end, we will analyze what are the fundamental differences between the ERC-20 and TRC-20 standards What is the ERC-20 standard? The Ethereum blockchain’s global standard for t...