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July 02, 2018, 03:05:30 AM |
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A crypto token is a digital asset that represents a certain value. From a technical standpoint, tokens are implemented as Smart Contracts in the Ethereum public blockchain. The ERC20 token represents the current standard today, and will be used, according to best practices, as the PHOTON Token standard. This standard enables compatibility with other Smart Contracts in the Ethereum ecosystem. This means the token Smart Contracts don’t have to be updated when new tokens are issued. This ensures stability and seclusion of the Ethereum ecosystem. All ERC20 tokens have the same set of functions and can be sent to almost all crypto wallets that accept Ethereum.
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