huntingbtc5 (OP)
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May 20, 2018, 02:45:07 PM |
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Hello guys, I am new to this forum. I want to know what is ERC-20 token and what relation it has with Ethereum. Thank you
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Agozyen
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Until the end
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May 20, 2018, 02:51:17 PM |
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Hello guys, I am new to this forum. I want to know what is ERC-20 token and what relation it has with Ethereum. Thank you
ERC20 tokens are created on the Ethereum blockchain. They utilize smart contracts. If you create your own ERC20 token and say call it, HuntingBTC5 Token, it will have the same address that you use to receive Eth with. Your wallet needs to be set up to see these tokens though. Upside is it gives anyone the ability to create their own token. Downside is it gives anyone the ability to create their own tokens.
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mithrim
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May 20, 2018, 03:48:02 PM |
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Although some people maybe get a bit offended, use lmgtfy next time http://lmgtfy.com/?q=erc+20+tokenHello guys, I am new to this forum. I want to know what is ERC-20 token and what relation it has with Ethereum. Thank you
But coinsontheroad is right, instead of creating a new thread for that, use a search engine or search this forum (top right) before you post and if you have further questions, be specific with your question and describe what you don't understand and why. It's only fair and polite since you expect people to answer you and spend their time with - in this case - basic knowledge.
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Judeoou
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May 20, 2018, 08:44:15 PM |
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At the mention of ERC20 Token, what comes to mind is ETHERUM. It simply denotes they belong to the same family with Etherum, built on the same blockchain.
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pauline_78
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May 21, 2018, 09:12:08 PM |
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I believe you have understand ERC 20 from above comments. Comments just want to share the ERC 20is mostly used for the smart contract.
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fraufreiheit
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The Premier Digital Asset Management Ecosystem
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May 21, 2018, 09:18:02 PM |
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You don't have to know any technical details about them, just remember that you can store them in MyEtherWallet together with you ETH, but you shouldn't send them to your ETH exchange account. That way you will be safe.
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Cryptomonyet
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May 21, 2018, 09:20:51 PM |
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All i know about erc20 is a wallet which can receive token based on erc20. Most of token is using erc20 as smart contract. and they ( That token ) is using the same erc20 address for it, so you don't need to create different address. Sorry for bad explanation
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bountygram.io
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May 21, 2018, 09:41:17 PM |
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Ethereum based tokens are created using ethereum's platform . erc20 stands for Ethereum Request for Comment and 20 is the number that was assigned to this request.Most of the ICOs are using erc20 tokens which is why ethereum is the most commonly used,and this is the main reason why its value has rise from $11 to $1400 last december 2017.
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barlo357
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May 21, 2018, 09:42:47 PM |
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The relation between the two are "Ethereum is the heart and mind of ERC-20 tokens. Its blockchain processes their transactions, and its virtual machine runs their smart contracts". You can click the post of the other member so that you can research about the ERC-20.
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SavageBrother
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May 21, 2018, 09:43:04 PM |
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ERC20 is the standard token type for ethereum based coins. It fits on the MEW and is one of the most well-known types of coins these days. Hope I was of help.
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trolltalk
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May 21, 2018, 11:39:44 PM |
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I dont know what is the exact purpose of ERC 20 but the only i know is ERC wallet is used when you registering one of the bounty campaigns form and you need to put it in registration if ever the ico succeed this is the only wallet that you might can give when their send their bounty payments.
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bayu7adi
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May 21, 2018, 11:42:08 PM |
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Hello guys, I am new to this forum. I want to know what is ERC-20 token and what relation it has with Ethereum. Thank you
ERC20 is a token type that is removed from the Ethereum network This token uses Ethereum blockchain as its backup technology this is a popular token today, where a lot of ICOs use ERC20 as their initial token
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DabsPoorVersion
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May 22, 2018, 02:01:37 AM |
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Hello guys, I am new to this forum. I want to know what is ERC-20 token and what relation it has with Ethereum. Thank you
ethereum has its own blockchain called ethereum blockchain, it uses smart contracts to make erc20 token, erc20 token are called for the ethereum based tokens.
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luckyFF
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May 22, 2018, 02:05:01 AM |
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ERC-20 tokens are tokens based on Ethereum. You just need to understand this. Other information is not helpful to investors. If you are still interested, you can refer to Google, where there is more detailed explanation.
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yslyv
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May 22, 2018, 02:05:45 AM |
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erc20 is one of the token standards of ethereum. there are other standards as well but the most popular and known one is erc20. all erc20 tokens are based in ethereum blockchain.
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turn the page
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martin1221
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May 22, 2018, 02:06:08 AM |
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Erc20 based token are those token that made in ethereum blockchain mate, once you have a coin that is erc20, its expected that it is from ethereum based coin with those contract addresses of ethereum also.
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