The Innards of an #erc20 Token
▻https://hackernoon.com/the-innards-of-an-erc20-token-587c29e9b8a1?source=rss----3a8144eabfe3---
What does this mean?You’ve all heard by now that #suncontract’s SNC token is an ERC20 token… But do you know what it means to be of ERC20 standard? If not, stick around for a simple explanation on the ERC20 standard.Ethereum PlatformERC20 tokens are designed and used solely on the #ethereum platform. The Ethereum platform consists of a #blockchain that is capable of storing transactions, and a virtual machine that is capable of running smart contracts.Because of these two functions of the Ethereum network, the platform can support the running of decentralised applications (DApps). In return Ethereum charges developers for the computing power in their network — which is paid in Ethers — the main currency on the Ethereum network. Besides Ether, the platform can also support other tokens, including (...)
]]>Transfer #ethereum tokens without Ether — An #erc20 Improvement to Seriously Consider
▻https://hackernoon.com/transfer-ethereum-tokens-without-ether-an-erc20-improvement-to-seriously
Ethereum has been around for four years now. The platform that was to “Build Unstoppable Applications” quickly turned out to be a Token Manufacturing Plant which churns out Ethereum tokens for any conceivable idea, object or abstraction imaginable. From those that can be used for ‘Sin Forgiving’ (Jesus Coin) to those that are probably not meant for such use (SpankChain), the tokenization train is seeing more people get on board day by day. However, the train which everyone seems to miss is this one called adoption, also known as ‘getting real users to come on to your platform and do stuff with your highly valuable token’.One of the primary reasons for the low adoption rate is the poor user experience and the high barrier to interaction that this ecosystem imposes on its users. Convincing (...)
]]>What are ERC721 standard tokens?
▻https://hackernoon.com/what-are-erc721-standard-tokens-3624adcc3e54?source=rss----3a8144eabfe3-
The world of cryptocurrencies is big and wide. Many of us get confused on the way when trying to make sense of all the terms around. Well, if you are still a little bit lost when talking about tokens, Guarda is here to help you understand. Our main goal is for each and every one of you to stop demonising blockchain and get familiar with everything that lives and prospers on it! Let’s start with our handy guide on ERC721 tokens.What are the #cryptocurrency tokens?Before with start with the details, let’s be clear with what tokens are. On the Ethereum blockchain, tokens are a part of a “contract”. Basically, a #token in an entry to the said contract. A holder, in this case, gets recorded and officially takes part in the contract on Ethereum blockchain.Ok, but then what are there weird letters (...)
]]>Smart Contract basic analysis
▻https://hackernoon.com/smart-contract-analysis-part-1-5e54e52498ed?source=rss----3a8144eabfe3--
Photo by William BoutBlockchain startups are using Initial Coin Offerings to raise capital and to gain community support. Community members or investors who want to support the project send Ether/ETH to a given smart contracts address and in return receive custom tokens instantly, or sometime later after the #ico event ends.Let’s take a step back: Just like any other investment most community members do some homework before investing. A number of website sites, bloggers and Vloggers are doing a brilliant job sharing their honest analysis before ICO events.I strongly believe one of the last few analysis steps before investing should be the analysis of the ICO and Token generation Smart Contracts. This will truly give the community confidence in the promises made by project team.“A smart (...)
]]>How to spot good #ico, how to spot scam ICO
▻https://hackernoon.com/how-to-spot-good-ico-how-to-spot-scam-ico-f0f57c1a4c38?source=rss----3a8
How to spot good ICO, how to spot scam ICO?Ways to Spot a Good Token Offering.The first four months of 2018 have been more successful for token offerings compared to all of the entire year before. With some statistics exclaiming that 99% of ICOs will fail, how are token investors supposed to identify which projects they can trust? Are you putting your money into the new face of the third web, or a bunch of hackers who will run up the price of the token only to let it crash and never be seen or heard from again?As those questions percolate, this guide can serve as a reference point for how to identify some of the good projects compared to the ones you should stay far away from. Welcome to compilation of my research for how to identify a good token offering.TeamWho is on the Team?The most (...)
]]>Update on Security tokens — New kid on the #blockchain, which you want to know.
▻https://hackernoon.com/update-on-security-tokens-new-kid-on-the-blockchain-which-you-want-to-kn
Questions have been surfacing recently about whether security tokens will scale upwards in 2018, an issues in the blockchain that many view differently.Last week, the CEO of StartEngine began the second annual #ico 2.0 Summit by pleading for regulation on behalf of the definition of “security” tokens. He told the crowd that valuable security tokens are coming, but in the meantime, regulators need to understand that not all tokens are security tokens.Security Tokens DevelopmentsHis message is one of the myriad of opinions offered on the regulatory status of security tokens for both the USA and around the world. As blockchain evolves, officials have been differing about how to classify crypto. As governments and financial regulators discover more information about blockchain, most (...)
]]>How to start your own #ico when you are new to crypto — 12 proven steps
▻https://hackernoon.com/how-to-start-your-own-ico-when-you-are-new-to-crypto-12-proven-steps-edc
While acting as an ICO adviser I face a lot of questions with regards to the ICO process. There are more projects each day and more people are entering the space who are totally new to crypto and are attracted by the high amounts of raised money reported by media. I realized that it is a good time to write down the steps of ICO execution and addressing the common topics and issues faced when starting an ICO. This article is for those who are seeing opportunities to fund their project through crypto or those who heard about potentials of #blockchain technology and would like to upgrade their business to align with these new concepts to be ready when the technology fully matures.Let’s start with defining some vocabulary.ICO — Initial Public OfferingInvestopedia defines it as (...)
]]>