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2. How do ERC20 tokens work?
ERC-20 tokens are, in principle, smart contracts that run on the Ethereum
blockchain . They work within a programmatic framework established by the Ethereum
team. This framework is broad enough to allow different uses without interrupting the
operation of the Ethereum blockchain. For example, they are capable of keeping a sub-
accounting parallel to the main Ethereum ledger, having their own unit of account. All
this, without mixing the Ether balances of the addresses. But guaranteeing the
transparency, traceability and security provided by the Ethereum network.
3. The best ERC-20 tokens
Many investors and users believe that this technology has very good projections,
especially after the flaws have been improved. Therefore, the question of how to buy
ERC20 tokens is being asked much more frequently. In addition, there is now a list of
ERC20 tokens of popular cryptocurrencies at the moment.
4. Tron
This protocol was created for the entertainment industry. Tron has its own
blockchain Development Service. Standard publishing systems go through phases of
censorship and rigorous scrutiny. The same applies to the promotion of multimedia
content. Authors were often left without the opportunity to develop their full potential and
could not receive remuneration. Tron allows them to have content published in a
decentralized way. The cryptocurrency provides a direct relationship between the
consumer and the content creator, excluding the intermediate stages of control. The first
major user of this cryptocurrency was the Chinese app Peiwo.
5. OmiseGo.
The main goal of introducing a cryptocurrency based on ERC-20 technology is the gradual
transition of almost all financial services to a decentralized basis.
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This cryptocurrency was designed by the Korean company Dayli. The main goal of
creating a cryptocurrency was to increase the efficiency of the data exchange process
between institutions that differ in their type of work, industry and other characteristics.
This is a high performance chain. The connection of blockchain elements is present
without the involvement of intermediaries. It does not require interaction with the
information storage service, nor a centralized hosting.
6. BinanceCoin.
This Ethereum-based cryptocurrency was created to facilitate the implementation of
electronic currency procedures on the Binance exchange. BNB has its own Blockchain.
The main goal was to pass the exchange commission on to themselves. Plans included its
development on a platform, which would allow further sharing of smart contracts.