#CoinCreation

[takshitsolutions]

Transforming the Future of Finance with Custom Crypto Solutions - Taksh IT Solutions

At Taksh IT Solutions, we are proud to be at the forefront of the cryptocurrency and blockchain revolution. Our experienced team of developers has been working tirelessly to create custom crypto solutions for our clients that can help transform the future of finance. From creating new cryptocurrencies to integrating existing ones into businesses, we have the expertise to help you succeed in this exciting and fast-evolving industry.

Contact us today to learn more about our crypto solutions! 🌐https://takshitsolutions.com/cryptocurrency-development 📲+91 9560602339 📧business@takshitsolutions.com

[ragunath12]

Top 20 ERC20 tokens on the Ethereum blockchain

Many people have heard about ERC-20 tokens, but few know what exactly they are. ERC stands for Ethereum Request for Comment, and 20 is an arbitrary number assigned to a proposal.

ERC-20 Basics

The native currency of the Ethereum blockchain is Ether (ETH), but the erc20 token generator also serves as coins on the Ethereum network. The blockchain processes transactions with them, and smart contracts run on the Ethereum virtual machine.

Ethereum.org describes the ICO mechanism as follows:

The buyer pays the smart contract (the money goes to the robot).

The robot redirects them to the contract owner.

The robot transfers tokens belonging to the ICO creator to the buyer.

Remember that these tokens are not independent. They run on the Ethereum blockchain and depend on the computing power of its network.

Risks of smart contracts

Although smart contracts are very efficient, they come with certain risks. For example, a smart contract cannot be changed after the developers launch an ICO. If the contract contains bugs or vulnerabilities, you could lose your money or tokens (or both).

Such troubles often happen in the cryptocurrency world. The most notable was the $55 million DAO hack. To cope with it, the developers carried out a hard fork of the Ethereum network (this is how Ethereum Classic appeared).

Why do we need the ERC-20 standard?

Before the advent of the ERC20 development standard, there were many interoperability issues between various Ethereum-based tokens. Each token had its type of smart contract.

In other words, to work with the new token on exchanges and wallets, it was necessary to write individual code. Maintaining an ever-increasing number of tokens was becoming too time-consuming and problematic.

As a result, a single protocol was developed for all tokens, known as ERC-20.

The ERC-20 token standard has six required parameters for each smart contract and three additional (but recommended!) ones. For example, additional ones include the allowed number of decimal places. By comparison, Bitcoin supports eight decimal places, a symbol (usually a 3–4 digit code) and a name.

Six mandatory parameters determine the number and transfer of tokens. The first two are used to set the initial distribution:

The total supply function determines the total number of tokens. After reaching the maximum, the smart contract stops issuing them.

The balance0f function assigns a primary number of tokens to any address (usually the address of ICO owners).

To distribute between users and transfer from one user to another, two transfer methods are needed. They are extremely important for the secondary market:

The transfer function transfers tokens from the primary address to individual users who purchased them during the ICO.

The transferFrom function is used to transfer tokens from one user to another.

Two more functions are needed to check the previous two:

The approve function checks whether the smart contract still has tokens.

The allowance function ensures that a certain address has enough tokens to send them to another address.

These six simple steps have enabled wallet developers and exchanges to create a single code base that can interoperate with any ERC-20 contract.

Using ERC-20 tokens

ERC-20 tokens have applications in many areas. For example, they can act as project shares, asset ownership certificates, loyalty points or pure cryptocurrencies. In addition, they can perform multiple roles simultaneously.

Creation of ERC-20 tokens

All tokens are created by smart contracts. These contracts conduct transactions and account for each owner’s balance. CoinCreator allows anyone to create their own ERC-20 tokens!

During the ICO, each participant receives tokens at an agreed rate by sending cryptocurrency and data (primarily an email address) to the smart contract.

Problems with ERC-20 tokens

The ERC-20 protocol is not always sufficient for token purposes. This is only a basis for creating Ethereum tokens, which does not guarantee their usefulness, value or performance.

The token can be complemented while maintaining compatibility with the ERC-20 standard. One of the downsides of ERC-20 is that it makes token deployment trivial on a technical level. As a result, many teams that were unable to conduct an ICO on their own did so.

The huge number (47454+) results in an abundance of very similar tokens, making the selection process more difficult for potential investors.

Another problem is that some projects implement the basic principles of the standard in very strange ways, which creates additional confusion when determining the specifics of how their tokens work. For example, sometimes tokens are sent to smart contracts in other ICOs. If the contract functionality does not provide for this, the tokens are lost. By the end of 2017, more than $3 million had been lost this way.

TOP 20 cryptocurrencies issued on the ERC-20 standard

The cryptocurrency community is represented by various groups of users who prefer specific cryptocurrencies or ecosystems.

Among them, some firmly believe that Ethereum will soon overtake the market leaders both in exchange rate value and in total capitalization.

Confidence is partly supported by the fact that Ethereum has ready-made solutions for future scaling, as well as a partial move away from PoW algorithms, which makes the ecosystem more environmentally friendly in terms of energy costs for mining, compared to Bitcoin.

The key point is Ethereum’s support for creating separate applications and new networks on its own, which makes it more promising than current alternatives. Given that Ethereum has been around for a little over 4 years, applications developed within its ecosystem become successful more often than others. The analysis showed that out of the 100 best cryptocurrencies in their entire history, 46 were implemented on Ethereum.

EOS (EOS)

Tron (TRX)

VeChain Thor (VET and THOR)

OmiseGo (OMG)

ICON (ICX)

Popular (PPT)

Binance Coin (BNB)

RChain (RHOC)

Status (SNT)

Maker (MKR)

DigixDAO (DGD and DGX)

Aeternity (AE)

Waltonchain (WTC)

August (REP)

Veritaseum (VERI)

0x (ZRX)

Revain (R)

Kucoin Shares (KCS)

Zilliqa (ZIL)

Basic Attention Token (BAT)

Let’s sum it up

The emergence of the ERC20 token development standard has accelerated growth in the ICO space by unifying features that make token development easier. The protocol also increased the synergy between ICO startups, exchanges and wallet services. Most likely, in the future, the ERC-20 protocol will be expanded and supplemented with functions to combat the main problems and vulnerabilities of tokens.

[steveaustinlove-blog]

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[cryptolob-blog]

"ICO In A Box" - Meet Securitize, A Coin-Creation Service Launched By A Venture Capital Firm

“ICO In A Box” – Meet Securitize, A Coin-Creation Service Launched By A Venture Capital Firm

“ICO In A Box” – Meet Securitize, A Coin-Creation Service Launched By A Venture Capital Firm

FinTech, ICO News, Investing, News, Regulation | January 25, 2018 br> By: Bruce Haring

A venture capital firm with an initial coin offering?  That’s what SPiCE, a VC devoted to initial coin offering (ICO) infrastructure, plans to do with…

[themakersmovement]

Build your own token sale with CoinLaunch’s CoinCreator  Building a token sale is at once quite simple... http://ift.tt/2xFiq2Q

[factsfeeding]

Build your own token sale with CoinLaunch’s CoinCreator

Build your own token sale with CoinLaunch’s CoinCreator

[ad_1]

Building a token sale is at once quite simple – you build a token and sell it – and quite complex. A number of issues crop up immediately including, but not limited to, the need for an expensive team of lawyers, marketers, social media experts, and, until now, an expensive crew to build your smart contract. CoinLaunch, a project by repeat entrepreneur Reuven Cohen, aims to reduce the…

[blockchainxtech]

ERC-20 tokens: what they are and how they work

Most ICOs are based on ethereum as a platform, and more specifically on ethereum smart contracts. So while we are used to seeing and dealing with ERC-20 tokens, few people know exactly what they are, how they work, or even what ERC-20 means. (If you're wondering, ERC stands for Ethereum Request Comment, and 20 is the arbitrary number assigned to the proposal.)

ERC-20 Basics

As the name suggests, the native currency of the ethereum blockchain is ether ( ETH / USD ). But ERC-20 tokens also act as coins in ethereum. Ethereum is the heart and mind of ERC-20 tokens. Your blockchain processes your transactions and your virtual machine executes your smart contracts .

Ethereum.org describes the mechanism of ICOs as follows: Customers pay for the smart contract (the robot is in the center). The robot sends the money to the owner of the contract. The robot returns the owner's ICO tokens to clients.

Remember that these tokens are not independent. They reside on the ethereum blockchain and depend on its distributed computing power.

Risks of smart contracts

Although smart contracts are very efficient, they carry certain risks. For example, a smart contract cannot be changed once it is initiated by the developers of the ICO. If a smart contract contains errors or vulnerabilities, you could easily lose your funds, tokens, or both. Such things have happened frequently throughout the history of ethereum.

The most notable example was the hacking of the $ 55 million DAO, and its correction required a fork of the ethereum network (which is how the Ethereum Classic was created).

Why is the ERC-20 standard ncessary

Before the ERC-20 standard appeared, there were many compatibility problems between the different forms of ethereum tokens. Each token had a completely unique smart contract.

In other words, you had to write a completely new code for each change or wallet, in order to host a new token. And supporting the growing set of tokens was becoming overly troublesome and time consuming. As a solution, the industry invented a standard protocol for all tokens, now known as ERC-20.

The ERC-20 token standard has six mandatory parameters for any smart contract, plus three optional (but recommended!). Optionally, you can set the maximum number of decimal places that a token supports. For comparison, bitcoin allows eight numbers after the decimal point, as well as its symbol (usually a 3- or 4-digit code) and its name. (So ​​pick something inspiring!) The six mandatory functions refer to the number and transfer of tokens.

The first two are used to assign the initial state of the token distribution: The totalSupply function of the token must be set. Once the maximum is reached, the smart contract will not be able to create any more tokens. The balance0f function assigns an initial number of tokens to any address, usually the owners of the ICO. Two transfer methods are also needed for additional distribution to users and sending of tokens between users.

They are vital for the functions of the secondary market: The transfer function moves tokens from full supply to any individual user who buys during the ICO phase.Two more functions are needed to verify the two previous functions:

The approve function verifies that a smart contract can distribute tokens, based on the remaining supply. Lastly, the allowance function ensures that one address has enough balance to send tokens to another address.

These 6 easy steps have enabled portfolio and exchange providers to create a single code base that can interact with any ERC-20 smart contract.

ERC-20 token applications

ERC-20 tokens have many uses. For example, they can act as project participations, asset ownership certificates, loyalty points, or even simple cryptocurrencies. It is also possible that ERC-20 tokens simultaneously fulfill several of these functions.

ERC-20 token creation

All tokens are created by smart contracts. These smart contracts manage token transactions and account for the balance of each token holder. For example, CoinLaunch 's CoinCreator page allows you to easily create your own ERC-20 tokens. While an ICO is active, you must receive the ICO tokens at the agreed exchange rate, if you send funds in cryptocurrencies and your data (most importantly, your postal address) to your smart contract.

Problems with ERC-20 tokens

The ERC-20 protocol alone is not always sufficient for the purposes of a token. It is merely a standard for creating ethereum-based tokens, and it does not secure useful, valuable, or even functional tokens.

A token can be further customized as long as it meets the basic requirements of the ERC-20.A disadvantage of the ERC-20 standard is that it makes the deployment of a token trivial on a technical level. As a result, many teams that would otherwise have been unable to launch an ICO have been able to do so.

The large number of tokens released (47,454 and counting!) Leads to an abundance of very similar tokens, making the selection process more difficult and confusing for potential investors. Another problem is that some projects implement the guidelines in an idiosyncratic manner, creating more confusion about the way their tokens operate. For example, tokens are sometimes sent to smart contracts of other ICOs.

If that contract has not allowed this type of token, then the tokens will be lost. At the end of 2017, more than $ 3 million was lost in this way. The ERC-223 proposal aims to counteract this defect.

conclusion

The creation of the ERC-20 token standard has accelerated growth across the ICO space by standardizing functions that facilitate project token development. The protocol has also brought about greater synergy between ICOs projects, exchanges and portfolio providers. In response to common issues and vulnerabilities in ICO tokens, the ERC-20 protocol will likely be improved and expanded in the future.

[kalamana]

Build your own token sale with CoinLaunch’s CoinCreator

http://bit.ly/2hdY2vd

[techchecknews]

Service Lets Anyone Build Their Own Cryptocurrency CoinLaunch aims to simplify the process, making it accessible to non-programmers CoinCreator , a service offered through the CoinLaunch project created by entrepreneur Reuven Cohen, aims to make it easier for the average non-programmer to create a cryptocurrency by building and monetizing an Initial Coin Offering, or ICO, without needing to consult lawyers, marketers and other experts.

[viralnews-blogger-blog]

Build your own token sale with CoinLaunchs CoinCreator Building a token marketing is at once quite simple -- you build a token and sell it -- and quite complex.

[galigio]

Tech Topics Updates and Analytics

Build your own token sale with CoinLaunch’s CoinCreator https://t.co/13jrMgz6hF by https://t.co/Lku1NqoJMP

— Galigio (@galigio) October 16, 2017

October 16, 2017 at 10:09PM

[steveaustinlove-blog]

Cryptocurrency development company

Blockchain App factory is the pioneer in the field of cryptocurrency that develops virtual currencies based on the clients’ needs. We boast of being one of the best cryptocurrency development companies that deliver tailor-made solutions to its customers along with services like ICO marketing and wallet development.

Check More : https://www.blockchainappfactory.com/cryptocurrency-development

[sassyplanet]

Build your own token sale with CoinLaunchs CoinCreator

Build your own token sale with CoinLaunchs CoinCreator

Building a token sale is at once quite simple — you build a token and sell it — and quite complex. A number of issues crop up immediately, including, but not limited to, the need for an expensive team of lawyers, marketers, social media experts and, until now, an expensive crew to build your smart contract.

CoinLaunch, a project by repeat entrepreneur Reuven Cohen, aims to reduce the complexity…

[itsevirall-blog]

Build your own token sale with CoinLaunch’s CoinCreator

Build your own token sale with CoinLaunch’s CoinCreator

Building a token sale is at once quite simple — you build a token and sell it — and quite complex. A number of issues crop up immediately, including, but not limited to, the need for an expensive team of lawyers, marketers, social media experts and, until now, an expensive crew to build your smart contract.

CoinLaunch, a project by repeat entrepreneur Reuven Cohen, aims to reduce the complexity…

[donnaarcherdoa]

Build your own token sale with CoinLaunch’s CoinCreator

 Building a token sale is at once quite simple and quite complex. A number of issues crop up immediately, including, but not limited to, the need for an expensive team of lawyers, marketers, social media experts and an expensive crew to build your smart contract. CoinLaunch, a project by repeat entrepreneur Reuven Cohen, aims to reduce the complexity of at least one part of the process. Read More from TEchy http://feedproxy.google.com/~r/TechCrunch/JohnBiggs/~3/yW8iW8JxTik/

[ancientegyptianpyramidschemes]

#share2steem [Distributed a 50% Bonus of 1,510.994 SAND San Diego City tokens to everyone who bought and held SAND token on Steem-Engine.com during its pre-launch] I just distributed a 50% bonus of 1,510 SAND after burning 100,000 SAND tokens from my own account holding now around 883,741 SAND tokens remaining and a MAX supply of 10 Million tokens, reserved for San Diego City Residents, and I plan on making use of only what I have left in my ackza account for promotion, and out of the 9 million left in max supply, untill aggroed and steem-engine has a way to lock remaining supply in a crustless smart contract, I plan on issuing MOST of these 9 million tokens to San Diego Residents and burning anything we dont use as soon as possible. For the 3 million San Diego county residents we can issue 1 to each, while offering larger stakes to those few San Diego residents who either want to promote the coin, OR San Diego residents that already own crypto. If you already OWN large stake in #bitcoin #steem #eos #ethereum etc, we can have you verify you own X amount of bitcoin, and we then send you a proportional amount of SAND token, with the idea that anyone whose proven their HODLING (saving) ability will probobly have a higher chance of holding this SAND token. Steempower holders are one example of users we can distribute to, so when I make a list of #sandiego Steem & bitcoin whales I will be able to distribute these coins like an airdrop, or what @vandeberg called a #sharedrop where we can one day airdrop an SMT to people who own an #erc20 or altcoin. I believe @aggroed will also have something like this on his https://steem-engine.com so you can airdrop your steem-engine token across holders of various other mainstream #cryptocurrency #blockchain Another use for SAND tokens is for Schools where teachers and students can use these tokens for a scotbot custom site for #SanDiegoCitySchool or for individual schools. I even sed afterschool trading clubs funded by steem upvotes. Congrats to following SAND buyers, whose stake I increased 50% @suryogi @aneilpatel @coincreator @fyrstikken @appicscommunity @proctologic @havok777 @steemitqa @ran.koree >100k SAND burned https://www.instagram.com/p/BxoSoaOgcai/?igshid=d4fvf45bln2l