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Not really? There’s the ERC20 standard but that doesn’t actually do anything unless you implement it. Most people barely comprehend what they’re doing on crypto
by qeternity 5y ago
Not really? There’s the ERC20 standard but that doesn’t actually do anything unless you implement it. Most people barely comprehend what they’re doing on crypto, even fewer can deploy a contract.
- capableweb 5y agoYes, really! The ERC20 token standard came after a bunch of tokens already appeared on Ethereum. One of the first public tutorials for Ethereum was about creating and deploying your own token. Ethereum was initially released in 2015, take a look how ethereum.org looked back then: https://web.archive.org/web/20150905085308/https://www.ethereum.org/ https://web.archive.org/web/20150905085308/https://www.ether... > Build unstoppable applications. Here are some recipe ideas: > Design and issue your own cryptocurrency > Create a tradeable digital token that can be used as a currency, a representation of an asset, a virtual share, a proof of membership or anything at all. These tokens use a standard coin API, so your contract will be automatically compatible with any wallet, other contract or exchange also using this standard.
- qeternity 5y agoI don't think you understand what I'm saying. The Ethereum protocol and its standard implementations do all sorts of things that make it possible to build tokens, but there is no token feature. It's pedantic, but it's like saying email is a feature of TCP/IP.