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How to create and deploy an ERC-20 token on the Ethereum blockchain

Blog post from LogRocket

Post Details
Company
Date Published
Author
Chidume Nnamdi
Word Count
3,761
Language
-
Hacker News Points
-
Summary

Blockchain technology is revolutionizing the digital landscape, with Bitcoin and Ethereum as leading examples of its application. While Bitcoin focuses solely on virtual currency, Ethereum offers a broader scope by incorporating a virtual machine and smart contracts, enabling users to create and deploy tokens representing anything from currency to assets like gold. The text provides a detailed guide on creating and deploying an ERC-20 token, a popular Ethereum standard for fungible tokens, explaining the essential components and functions of an ERC-20 token contract, such as transferring tokens, managing balances, and setting allowances. The tutorial also covers deploying a token on the Ethereum test network, illustrating the process of writing a simple token in Solidity and using platforms like MetaMask and Remix for deployment. This exploration of blockchain and ERC-20 tokens highlights the growing importance of understanding these technologies for those involved in software development, emphasizing their potential to transform how digital transactions and contracts are managed.