Create Your Own ERC20-TOKEN ETHERSCAN IO CERTIFIED

Create Your Own ERC20-TOKEN ETHERSCAN IO CERTIFIED

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A token is designed to represent something else, in most cases, something of value. These tokens are – in the Ethereum ecosystem – issued on the blockchain, where they represent a financial value or exist as a digital asset. However, these tokens do not necessarily adhere to a particular standard.

 

Tokens are still issued on the Ethereum network, and can be exchanged against other currencies. However, the ERC20 standard makes the assets more easily interchangeable and ensure they can work with Dapps adhering to the same standard.

 As one would expect, the “magic” provided by ERC20 can be found under the hood. The ERC20 standard makes it easier for all compatible tokens to be natively supported by new projects and services. Moreover, the introduction of this standard allows for the tokenization of other features, including voting rights. Most native project tokens offer investors a vote on how the future of said project should look like.

Benefits And Best Practice Of Becoming Your Own Digital Currency