Based on 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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allows the buyer to call the guarantor first, and the guarantor informs the seller that the money has arrived. The seller gives the goods to the buyer. After the transaction is completed, the guarantor calls the seller again
or let the seller put the game currency or equipment into the guarantor's hands first. Inform the buyer that everything is with me and you can pay for it. The buyer makes money to the guarantor and guarantees to give the things to the buyer. After the transaction is completed, the guarantor makes money to the seller
there is a premise for all this - the guarantee must be honest
these processes are based on the mutual trust between people. As long as one person is bad, the other party will inevitably suffer losses. Every day some people are cheated, and every day some people are exposing cheaters, but this kind of thing is emerging in endlessly, so we can only polish our eyes
therefore, if you use the warranty, you must first confirm whether it is true and reliable. We should observe more and not be anxious.