Ethereum ERC20 token introduction

The digital cryptocurrency can be roughly divided into two categories: coin and token. The former, such as BTC and ETH, have their own blockchain. The latter, such as Tether, TRON, and ONT, are attached to the existing blockchain. The ERC20 is probably the most widely known standard. It was born in 2015 and was officially standardized by September 2017. The agreement specifies a set of basic interfaces with fungible tokens, including token symbols, circulation, transfer, authorization, and so on.

After ETH ICO was successful, because Ethereum Networks could run smart contracts, many teams built their own decentralized applications (Dapp) on Ethereum. The ERC20 protocol has achieved a lot of success after its release: it is supported by the vast majority of Ethereum purses; hundreds of thousands of ERC20 tokens have been created, some of them worth even more than some cryptocurrencies; most of the encryption Currency exchanges support the trading of ERC20 tokens. The ERC20 protocol has thus become one of the most successful standards in the cryptocurrency world.

Monaco

Cross-border remittances are one of the largest and fastest-growing financial markets in the world. However, traditional solutions are slow to trade and inefficient, and their high fees have also plagued users with cross-border remittance requirements. The biggest feature of Monaco is that it allows users who hold it to use Bitcoin or Ethercoins online and offline wherever Visa cards can be used. According to statistics, compared with traditional banks, Monaco VISA can save you 30–40 euros for every 500 euros spent.

Gnosis

Gnosis builds an easy-to-use decentralized forecasting market. Gnosis provides an open platform for everyone to predict any event. For example, predicting when Trump and Hillary were elected presidents and predicting when Ethereum switched to PoS. Gnosis as a predictive market or decentralized bet market, Gnosis has a large number of competitors. In the area of ​​blockchain, projects such as Augur and Aeternity are focused on predicting markets, especially AEs, both of which use Oracle and state channels as the core of the project.

Sonm

Sonm (a universal fog supercomputer for global distributed computing capabilities) is a cloud computing project with intelligent agents and distributed storage. Sonm can implement distributed graphics rendering, low-cost large-scale scientific computing, and building game servers. It is also possible to build distributed websites and build web applications. Sonm provides a cost-effective solution for neural network implementation.

Scry.info

Scry is a big data provision and trading platform for storing, validating, using, analyzing, sharing, and trading real-world data. The interaction within the Scry community is through Scry.info’s built-in smart contracts that can access, share, and utilize a variety of data, and are provided and verified by a large number of users on a distributed basis. Scry.info also enables users to tailor industry-specific/event-based smart contracts to suit a variety of scenarios and areas, such as polling or forecasting markets for sports, entertainment, agriculture, financial markets, and more.

Source of chart: https://citicoins.com