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Showing posts from August, 2021

Top 5 Digital Tokens in Crypto Markets

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  Cryptocurrency and crypto tokens are different from each other; cryptocurrencies have their own blockchain, whereas crypto tokens are built on an existing blockchain As more people across the world are warming up to investing in cryptocurrency, it is important to keep oneself abreast of the various terms that define the ecosystem. Given that cryptocurrency is a relatively new mode of financial transactions, it is easy to get confused with constantly emerging information about digital assets. One common error that most people make is confusing cryptocurrency with crypto tokens. While they may appear similar and are an intrinsic part of the crypto markets, they are different from each other. Both are digital assets, however, cryptocurrencies have their own blockchain. Meanwhile, crypto tokens are built on an existing blockchain. Here are some popular crypto tokens that you should know about: 1.Tether Tether is a crypto token that is  “built on top of open blockchain technologi...

What are the Benefits of Ethereum Token Development?

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Ethereum is an open to all blockchain platform that was launched in the year 2015. It serves as a home to digital currency, online payments and for several Dapps. The primary objective of this platform is to have its users make agreements and transactions without involving any intermediate companies. The native cryptocurrency of this blockchain network is ETH and it is the next popular cryptocurrency after Bitcoin. With time, other than cryptocurrency trading, Ethereum network has proposed several other purposes like smart contracts, wallet solutions, decentralized applications etc. Such features has made it an irresistible platform for several crypto users. Ethereum Token Development - it is a kind of cryptocurrency development, which comprises the complete process of creating a token on ethereum blockchain. The token will underlie the ethereum token standards powered by the ethereum network. Some of the token standards are ERC20, ERC721, ERC1155, ERC223, ERC721, ERC 777, ERC 998 and ...

What Are The Unique Features of TRC-10 Tokens?

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What are TRC-10 tokens? TRC-10 is a native token standard supported by TRON Blockchain. It is the first token standard that has been released on the TRON MainNet. This standard does not rely on the TRON virtual machine. When compared to TRC-20, TRC-10 tokens are easy to create. Any user can issue their very own TRC-10 token by spending around 1024 TRX. While issuing these tokens, the users are required to provide some information like token name, the total number of tokens, market capitalization, etc.  These TRC-10 tokens are supported by all types of crypto wallets that support TRX tokens. This results in huge demand for TRC-10 tokens among investors and traders.   Unique Features of TRC-10 Tokens   (i) Along with crypto wallets, these TRC-10 tokens are compatible with major types of desktop wallets. (ii) It has no listing charges and can be freely used for an ICO project. (iii) The supply of these tokens can be increased once created and can also be burnt if required. (...

ERC998 Token Development Company - Security Tokenizer

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  What is ERC-998? ERC-998 is widely called as Composable Non-Fungible Tokens. This ERC-998 token is an extension of ERC-721 standard’s functionalities. This standard is widely used in creating non-fungible tokens. The NFTs that are created based on ERC-998 has the ability to own other NFTs of ERC-20 token standard. A single ERC-998 token can be used to represent a set of similar assets of ERC-20 tokens or ERC-721 tokens and it can be transferred in a single transaction. For example, in a CryptoKitties, using ERC-721 you would be able to create a unique virtual cat. To your virtual cat you can add accessories like dresses, hats or glasses etc using ERC-998, thus leading to an entirely new virtual cat. How does ERC-998 work? This ERC-998 standard involves two types of composable tokens namely, Top-down composables Bottom-up composables Both of these composables implements the ERC-721 token standard and extend its functionalities to allow them to own or to be owned by other tokens ba...

ERC1155 Token Development Company - Security Tokenizer

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What is ERC-1155? ERC-1155 is the only standard that supports both fungible as well as non-fungible tokens. This ERC1155 is considered as the most advanced non-fungible token standard. The main objective of this token is to create a smart contract that can control a huge number of fungible as well as non-fungible tokens. Thus makes it more effective than ERC-20 and ERC-721 tokens. Purpose of ERC-1155 The sole purpose for creating this ERC-1155 is to overcome the limitations of the tokens ERC-20 and ERC-721. The main drawback of the former best fungible token ERC-20 is that if an user accidentally sent the tokens to a wrong address, then it is lost forever. When it comes to the non-fungible token ERC-721, the main limitation it has is that you will have to carry out a separate transaction every time you send a token to another person, thus resulting in the usability of Ethereum network frequently which increases the overall cost of the transaction. In order to overcome such limitations,...

BEP721 Token Development Company - Security Tokenizer

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The term BEP721 is the Binance smart chain of version 721 which is the fabulous token in the BSC.  What is Binance Smart Chain? Binance smart chain(BSC) is a latest blockchain network of Binance that enables the execution of smart contract based applications. BSC runs in parallel with its associate Bianance chain(BC), former blockchain network of Bianance. With working together, BSC and BC allows its users to obtain the best of both, high transaction capability of Binance Chain as well as BSC’s smart contract functionalities. With utilizing BSC, anyone can develop and launch their crypto tokens in ease.   Benefits in Preferring Binance Smart Chain(BSC Network) Transaction process done in Bianance smart chain is much faster while compared to other blockchain networks. It  is highly scalable and independent which means even if Binance Chain stops operating, BSC will continue to function. Anyone can easily build, deploy smart contracts & tokens without difficulties in BS...

What are the Benefits of ERC-777 Tokens?

ERC-777 has all the functionalities of ERC-20 and also can be customizable and expandable based on their needs. It enables the transaction of different cryptocurrencies on a single platform It allows several functions to be executed in a smart contract with just one transaction, thus reducing the load on the network. It can also recognize unsuitable smart contracts where your tokens might get lost. As it enables the execution of certain functions in one transaction, it also reduces the overall transaction fees. If you are seeking to launch tokens or need a new idea for an online business, Security Tokenier is here to assist you. Being a leading ERC777 token development company , we are specialized in providing ERC standards token development solutions. Here are our token development services.

ERC20 Token Development Services - Security Tokenizer

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If you are familiar with crypto, surely you will come across the term ERC20. ERC stands for Ethereum and twenty is the proposal identifier or a unique ID number to distinguish this standard from others. The ERC2 token is chiefly to develop and issue smart contracts on the Ethereum blockchain which Smart contracts are used to create tokenized assets or smart assets where people can invest. There is a specific set of standards and protocols that need to be followed to create ERC20 based tokens and publish tokens on the network As ERC 20 is the most popular token standard, it is the most utilized one in ICOs which issue the tokens on Ethereum platform. Many Ethereum developer can code the smart contracts that can easily interact with ERC 20 tokens What Is ERC20 Token? An ERC20 token is a blockchain-based asset with identical functionality to bitcoin, ether, as well as bitcoin cash. Besides, it can hold value and be sent and received. To point out, ERC20 is an official contract to propose ...