Tokens on Ethereum

Blockchain tokens existed before Ethereum. In some ways, the blockchain currency, Bitcoin, may be a token itself. There are many token platforms that were also developed on Bitcoin and other cryptocurrencies before Ethereum. The introduction of the first token standard on Ethereum led to an explosion of tokens. Tokens standards (ERC20) The first standard was launched […]

What are Ethereum Tokens?

Currency tokens Currency tokens released by a company sometimes ceased to be mere “trade” tokens when they were sanctioned by a local government authority: perhaps due to a severe shortage of money to issue its own coinage. Actually, the organization behind the tokens became the regional bank. The best example of this is the Strachan […]

What are Ethereum smart contracts?

What is a Smart Contract? computer virus Immutable Deterministic EVM context Decentralized World Computer Nick Szabo was a Cryptographer who coined the phrase in 1991 and defined it as “a set of promises, specified in digital form, including protocols within which the parties perform on the opposite promises”. Ethereum smart contracts Ethereum’s smart contracts are […]

Wallet Technology Overview

Introduction Ethereum wallet may be a key chain containing pairs of personal and public keys, Ethereum wallet doesn’t contain ether or tokens. From these keys, they control the ether or tokens. Users sign transactions with the private keys, thereby proving they own the ether. The ether is stored on the blockchain. Importance of a Digital Wallet […]

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