Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Topic started by: ShiraWilliam on July 04, 2020, 03:21:51 PM
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Now, while there are numerous ethereum token standards are available out there. But ERC20 token standard is stand out among all them and highly recommended plus preferred for the usage, that is because of these upcoming benefits,
Cost effective
Easy creation/ easy coding
Create in less time
Easy usage
Secured with smart contract
Deployed with wallet
Automatic Transaction
Quick fund raising
There are much more perk to ERC20 token. To know more about ERC20 token development, Whatsapp - +91 9843555651
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I just like the innovations that comes out of Erc20/tokens. They standout for various reasons like you mentioned. Another platform token is getting ready for Q3 called INJECYIVE PROTOCOL, A 2nd layer exchange platform
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You don't add a little of that information because there are a lot of factors where ERC20 is used by many experts in cryptocurrency to create a token.
I will add,
- That's because the dominance of Ethereum itself is very strong in the development of the erc20 token, where Vitalik Buterin a genius young man under the age of 20 has been able to create EThereum.
So, this factor is able to adapt if everyone understands and uses erc20 tokens of Ethereum type.
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ERC-20 is popular because it is one of the first standards that is widely applied in ICO projects based on the Ethereum platform thanks to its ease and convenience. However, there is a problem related to the loss of tokens when we send tokens to some "abnormal" wallets that smart contracts cannot handle.
The ERC-223 standard is being proposed to solve this problem but at present we rarely see it in ICO/IEO projects.
In addition to ERC-20 & ERC-223 we have some other ERC standards:
ERC-165
ERC-621
ERC-721
ERC-777
ERC-827
ERC-865
ERC-884
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You don't add a little of that information because there are a lot of factors where ERC20 is used by many experts in cryptocurrency to create a token.
I will add,
- That's because the dominance of Ethereum itself is very strong in the development of the erc20 token, where Vitalik Buterin a genius young man under the age of 20 has been able to create EThereum.
So, this factor is able to adapt if everyone understands and uses erc20 tokens of Ethereum type.
I agree with your opinion mate..The reason why ERC-20 token stand out from others, because the dominance of Ethereum itself is very strong in the development of the erc20 token. Ethereum is mother of ICO and so popular.
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Yes, i think this is right here and i can add here that is crypto started its journey with ERC-20 so that its very familiar to everyone. Inventors of token then always thought about ERC-20 when they launch any project as a result ERC-20 spread more and more that others not. Moreover every thing goes smoothly with ERC-20 within short time of period.
thanks.
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Well, if we say ERC-20 almost everybody knows what it is all about and how it works with eth platform.
That's why ethereum popularity increase because of ERC-20 base token's the most applied platform this present time.
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ERC-20 is really a effective platform for everyone , becuase mostly coin start there jounery From this platform .
ERC 20 is secure and Trusted platform to start jounery in Crypto market , becuase they charge a normal fee's to it's coustmer .
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What do you think is the difference between ERC20 tokens and tokens from other platforms besides Ethereum? In my opinion, most of these ERC20 tokens are very expensive to throw away on the market lately. Maybe because of too many ERC20 tokens or how I do not understand, To be sure the popularity of ERC20 tokens declined.
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There are now several thousand tokens. A year or two ago, there was information that more than 90 percent of all tokens were created on the Ethereum platform in the ERC-20 format. Now this figure may have decreased slightly. However, erc-20 tokens are still the largest group. That is why they still stand out from the rest.
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Erc20 tokens still top, more useful than bitcoin forks or tokens on another blockchain. Also, I really like stablecoins on eth, such as eurg token
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Now, while there are numerous ethereum token standards are available out there. But ERC20 token standard is stand out among all them and highly recommended plus preferred for the usage, that is because of these upcoming benefits,
Cost effective
Easy creation/ easy coding
Create in less time
Easy usage
Secured with smart contract
Deployed with wallet
Automatic Transaction
Quick fund raising
There are much more perk to ERC20 token. To know more about ERC20 token development, Whatsapp - +91 9843555651
Can we just say that erc-20 tokens are easy to create, handle, and even store, as we have the best etherum wallets easily accessible to all.
Likewise, etherum smart contract is the largest existent in the whole crypto currency ecosystem; one that every developer looks forward to. I think this sums it up
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ERC-20 spread more and more that others may be not. However every thing goes smoothly with ERC-20 within short time of period.
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ERC-20 captured the essence between market and marketers.
Team will develop something interesting at the same time unique project with connection to ERC-20 in order to get involved easily in cryptocurrency ecosystem.
ERC-20 is the trend of this 20's generation.
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Now, while there are numerous ethereum token standards are available out there. But ERC20 token standard is stand out among all them and highly recommended plus preferred for the usage, that is because of these upcoming benefits,
Cost effective
Easy creation/ easy coding
Create in less time
Easy usage
Secured with smart contract
Deployed with wallet
Automatic Transaction
Quick fund raising
There are much more perk to ERC20 token. To know more about ERC20 token development, Whatsapp - +91 9843555651
You can stated rightly, the core reasons why several of us always want to be a part of the unique etherum smart contract. And to add more; i will say that the etherum blockchain, smart contract is one that gives you a huge chance at making a big profits, if you dyor and trade right.
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That's right. And what I like the most in my ERC20 wallet is that I can easily swap my crypto to their selected best cryptos which make every user happy.
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Ethereum was one of the first coins and was created in 2015. Thanks to smart contracts, ERC-20 tokens were issued on its platform. There was a time when over 93 percent of all tokens were issued on the ethereum platform with ERC-20 format. Although this percentage has now dropped to 70, thanks to the ethereum coin, ERC-20 continues to prevail over other formats.