How to Create Your Own Crypto Token
A Step-by-Step Guide
Overview
Back in 2015 when the Ethereum network first launched, there weren’t any templates or guidelines for token development. This meant that there were a large variety of tokens, each unique from one another. In order to make tokens more uniform, the community came up with an ERC-20 Standard.
In this article, I’ll be walking you through the process of creating your very own ERC-20 Token.
but let's take a step back…
What is a Token?
Tokens are used to interact with decentralized applications built on top of different blockchains. A token can represent almost anything in Ethereum including:
- lottery tickets
- financial assets like a share in a company
- skills of a character in a game
- a fiat currency like CAD
- reputation points in an online platform
- an ounce of silver
Not to be confused with coins which are just methods of payment while tokens may perform many other functions.
What is an ERC-20 Token?
ERC stands for Ethereum Request for Comment, and 20 is the proposal identifier…
