Creating Ethereum is not only exclusive endeavor but important from several points of view. First, for creating your own Ethereum token you would be able to launch ICO, the fundraised money where you can spend to develop a full-fledged version of the project. ERC20 Ethereum Token Exchange Software Platform is also much talk subject among users.
People must remember that ICO and own cryptocurrency token is permitted almost for any industry. Just do not forget about ICO marketing. To create your own cryptocurrency Ethereum token one should know to determine which functionality and capabilities Ethereum offers for these purposes. More interestingly the early investors who bought Ethereum for $0.7 earned a fortune, despite the fluctuations and volatility of the cryptocurrency market.
Ethereum Smart Contracts
Smart contracts are automatically executable programs. You could create whole decentralized worlds such as decentralized cryptocurrency exchanges, DApps, one of which is your own Ethereum token on the ERC standard.
There are 4 programming languages that allow you to develop your own Ethereum token:
- Mutan, Go-like language. The last few years strongly condemned by the community.
- LLL, Lisp-like language. Very rarely used due to its complexity.
- Serpent, a Python-like language – Python is popular among developers because of its functionality, versatility, and involvement in different industries. Web development, IoT development, and even desktop applications. Good security is crucial in the development of smart contracts, the cryptocurrency tokens Ethereum and particualrly the cryptocurrency platforms.
ERC20 Ethereum Token Standard -ERC, or Ethereum Request for Comment
It actually implies technical requirements for a token and a smart contract. The ERC20 standard token is presently the most familiar. In order to comply with this standard, you require having the functionality such as the token name, supply available for circulation, the strong ability to get a wallet balance, the functionality of transferring tokens funds between wallets.
The salient feature of tokens upon Ethereum is the inability to mine them. If you need a token, or rather the cryptocurrency that miners could mine, you should actually refer to a slightly different kind of development. To successfully develop cryptocurrency tokens, they must first be tested. You have 2 kinds of blockchain namely test net and main net. So testing should be done on the first, and the second serves as the main Ethereum blockchain.