February 2019
Intermediate to advanced
450 pages
9h 59m
English
Content preview from Hands-On Blockchain for Python Developers
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
Start your free trial
ERC20
More than likely, you will have heard of ERC20. When a new cryptocurrency is out, the first question that usually arises is—is it an ERC20 token? People assume incorrectly regarding the ERC20 token; they think it is a cryptocurrency based on Ethereum. Well, technically speaking, this is true, but it does not tell the whole story. ERC20 is a standard in Ethereum for creating a token. The simple token that we have just created does not fulfill the ERC20 standard. Yes, it is a digital token smart contract, but it is not an ERC20 token. ERC20 is one of many reasons why we have seen an increase in the number of new cryptocurrencies in 2017. However, ERC20 is not a requirement for creating a token on top of Ethereum.
To create an ERC20 ...