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How to Create Your Own ERC-20 Token?


The Bitcoin might be the de facto standard for transactions when it comes to cryptocurrencies and the crypto world in general. However, when it comes to creating your own token or smart contracts, the undisputed winner is Ethereum.

Ethereum is generally governed by a protocol or standard called ERC-20 which helps in the creation of smart contracts and new tokens that will enable launching your own ICO. Although it cannot be forgotten that marketing an ICO plays an important role in its success and creating utility token on Ethereum is equally vital as well.

Creating an Ethereum token

The first thing that needs to be done when creating an Ethereum token is to finalize on the specifications of the token. It is also essential to determine the functionalities and capabilities that Ethereum provides for this purpose.

What makes Ethereum tokens distinct is their inability to mine them. While the Bitcoin can be mined, Ethereum tokens essentially require buying and transferring. Know more - https://www.blockchainappfactory.com/blog/how-to-create-erc20-token/
VanessaJane 29 may 2020, 11:26
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