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Create Your Own ERC20 Token on Ethereum

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Ethereum is to blockchains as Bitcoin is to cryptocurrencies! While Ethereum does not have so much of claim to fame as the Bitcoin, it still can be considered a superhero in the crypto world.

The Ethereum blockchain allows you to create your own cryptocurrency or token. These tokens can be purchased using Ether, the native cryptocurrency of the Ethereum blockchain.the tokens and their behavior are defined by the standard which is commonly known as the ERC-20 standard. All the tokens that are created on the Ethereum blockchain need to be compliant with the ERC-20 standard. This compliance ensures that the transactions can happen without any hiccups.

How Does the Ethereum Blockchain work?

Just like Bitcoin blockchain, Ethereum is an immutable and transparent digital ledger. It keeps an account of the balances, the transactions and all the other records on the blockchain. However, the key difference between Ethereum and Bitcoin is that the former is a platform that allows you to create your own new token without creating a new blockchain. You can create your own Ethereum token with a smart contract and in compliance with the ERC-20 standard.

Read More @ http://bit.ly/2Ql9Ko9

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