Token of Ethereum erc20 standard
in order to create erc20 token, you need to write down the following contents
- token name
- token symbol
- token decimal
- number of tokens is in circulation
- Contract
- code verification source code
in addition to erc20, there are erc20, erc721, erc223, erc621, erc827, But for erc721, by the way, erc721 is a protocol mainly used for blockchain games. The blockchain games you often see are basically based on erc721
Ethereum is not only a database, it also allows you to run programs in the trusted environment of the blockchain. Ethereum has built a virtual machine named EVM (Ethereum virtual machine) on the blockchain. EVM allows code to be verified and executed on the blockchain, providing guarantee for code to run in the same way on everyone's machine. These codes are included in the smart contract. In addition to tracking the account balance, Ethereum uses the same method to save the EVM status on the blockchain. All nodes process the smart contract to verify the integrity of the contract itself and its output.
Rc20 token standard (erc20 token standard) is a standard used to create token through Ethereum. According to the erc20 specification, a smart contract can be written to create a "interchangeable token". It is not mandatory, but following this standard, the token created can interact with many exchanges, wallets, etc. it has now been widely accepted by the instry
erc20 token standard was first proposed by Ethereum developer Fabian vogelsteller in the open source community. Later, Ethereum founder vitalik (known as "V God") wrote the first version of the document, which was called "standardized contract API" at that time_ Contract_ APIs
following erc20 token standard, smart contracts can be written. The token methods it needs to implement include: optional name, symbol, decimals, balance of, transfer, transfer from, approve, and allowance. The event responses it needs to implement include transfer, approve
in addition to erc20, Ethereum also focuses on erc721. Different from erc20, erc721 is a non fungible token standard (NFT)
The general syndromes oferc20 are interchangeable and homogeneous, while the general syndromes of erc721 are not interchangeable and heterogeneous; Erc20 can be subdivided infinitely, while erc721 can not be subdivided because its minimum unit is 1
in June 2018, erc721 was officially accepted by Ethereum community and became the final standard. The popular cryptokitties followed the erc721 standard
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