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Topic
Board Announcements (Altcoins)
Re: [ANN][pre-ICO]🔵CrowdCoinage🔵 the OS for funding 🏦 powered by blockchain
by
SanniBis
on 15/02/2018, 05:03:50 UTC
I have a question.What is blockchain and smart contract?
Blockchain - is a distributed database that doesn’t have storage devices connected to a shared server. This database stores an ever-growing list of ordered records, called blocks. Each block contains a timestamp and a link to the previous block.
 Smart-contract - This is a program code that allows you to automatically perform certain functions when certain conditions occur. To implement smart-contracts, a decentralized environment is required that completely excludes the human factor. To use the transfer of value in a smart-contract, it requires a cryptocurrency.Welcome aboard!)
Thank you very much for your response! I'm very glad to join the team! Smiley
You are welcome! Wink
What is the ERC20 standard?) It became very interesting to me)
The token itself is of a minor practical use and would not hold its value for long if it does not have any functionality required to interact with other applications or other tokens via the Ethereum blockchain. The methods that need to be implemented are for example related to transfers, a total supply and a balance on an address. The standard was developed to ensure that these basic interaction methods would be duly implemented. The advantage of Ethereum is that all well-known exchanges are accepting these types of tokens allowing the support for custom tokens to be implemented in our platform. Wink