What Is the ERC-20 Ethereum Token Standard?
The ERC-20 token standard was revolutionary for creating interoperability between tokens built on the Ethereum Network.
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According to Ethereum data provider, Etherscan, there are currently over 830 projects which are based on the ERC-20 token standard with over 350,000 token contracts. This is undoubtedly the most popular standard for token issuance today. Some of the leading crypto projects with native tokens that are based on the ERC-20 framework include Chainlink (LINK), LiquidiFy (LQD), VeChain (VET), Zilliqa (ZIL). What is the ERC-20? ERC-20, which stands for Ethereum Request for Comment, with 20 […]
The XRP Ledger activated its Multi-Purpose Token (MPT) standard on October 1, turning on a native, protocol-level framework for issuing and governing fungible tokens that aims squarely at institutional tokenization—without relying on bespoke smart contracts. “The Multi-Purpose Token (MPT) standard is now live on the XRP Ledger mainnet,” wrote Ripple engineer Kenny Lei on X. […]
Ripple and the XRP Ledger (XRPL) have taken a significant step toward institutional adoption with the launch of its Multi-Purpose Token (MPT) standard. Designed to simplify the tokenization of Real-World Assets (RWAs) and offer built-in compliance, the new token standard aims to position the Ripple’s XRPL as a go-to network for secure, high-volume institutional finance. […]
The company said that the open-source token standard intends to tie a physical item to a digital token on the Ethereum blockchain. Anime-inspired nonfungible token (NFT) project Azuki has released a Physical Backed Token (PBT) — an open-source token standard that ties a physical item to a digital token on the Ethereum blockchain. Azuki shared on its Twitter account that the first implementation of the PBT will use the BEAN Chip; a physical cryptographic chip that self-generates an asymmetric key pair. The combination of the PBT and the BEAN Chip introduces a feature, which the project is....
Institutional investors now bet on the possibility of Ethereum surging due to its financial market growth. Standard Chartered analysts trust Ethereum’s growth potential can overtake Bitcoin, the first cryptocurrency by market cap. However, technicals reveal that before future advancement, ETH is bound to retrace. Standard Chartered takes a bullish stand on Ethereum. ETH now has […]