ERC-20 Token Development
Functions of ERC-20 Token
The ERC-20 standard of token stores and gives the complete information of the total token supply.
ERC-20 token has the function of giving the owner’s account balance.
Execute the transfer of a specific number of tokens to a specific address.
Execute the transfer of a specific number of tokens from a specific address.
Benefits of ERC-20 Tokens
Easy to Create
Shorter Creation Time
ERC20 token creation time is shorter than other tokens.
Easy to Use
Smart Contract Protection
Implemented with Wallet
Ethereum Development Tools We Use
We use local test nodes with Ganache to deploy contracts and to test the interaction of smart contracts.
We use the programming language tool Solidity, to write the smart contracts on the Ethereum network.
Our team uses the Truffle Tool for Ethereum Smart Contracts testing and for custom application deployment on public and private networks.
To build, deploy, and test the solidity smart contracts; we use the Remix IDE tool.
Our team creates custom Ethereum-based apps using the Embark tool as it provides service monitoring, REPL, and modularity.
Parity tools are used to build Ethereum dApps, connect independent blockchains, enable smart contracts permissioning on public blockchains.
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ERC20 tokens, executed as smart contracts on the Ethereum Virtual Machine , define rules of interaction and purchase with other tokens.
ERC20, ERC721, and ERC1155 are the prevalent token standards as approved by the Ethereum community.
With the help of NFT marketplace developed on Ethereum blockchain, you can leverage open transaction history for ownership verification.