#ERC 20 TOKENS UPDATE#
#ERC 20 TOKENS UPGRADE#

This will help to once again expand the community and those who incorporate blockchain into their business.” - Imron Zuhri, HARA Co-founder and CTOīecause we use our own HARA Chain, the Ethereum hard fork will have little impact to HART in the long run. “The idea is that through improvement in the protocol, there will be more real developers with real projects that use the ERC-20 protocol.

#ERC 20 TOKENS UPDATE#

The update will also include Ethereum’s first step to transit from a Proof of Work protocol to a Proof of Stake protocol. The project was created by the Ethereum developers to increase Ethereum’s efficiency and performance. The Constantinople hard fork is the second stage of the Metropolis project.

#ERC 20 TOKENS UPGRADE#

In summary, this is an upgrade that is beneficial to those who use ERC-20 protocol.” - Imron Zuhri, HARA Co-founder and CTO It is an effort to tackle the scalability issues which the current Ethereum has due to the slow transaction time and high fees. “The Ethereum hard fork is a long-waited upgrade that the Ethereum developers have been planning for quite some time. The exact time and date are not known yet because it is subject to when Ethereum reaches a block height of 7.080.000. The second is hard fork is the Ethereum Constantinople Hard Fork, which is substantially more significant and will take place between the 14th and 18th of the same month. Some of the largest ERC-20 tokens in terms of market cap include BNB ( BNB), Maker ( MKR), and Zilliqa ( ZIL). There are currently over 160.000 different ERC-20 compatible tokens found on the Ethereum main net, making up the vast majority of tokens issued on the Ethereum blockchain. The simplicity of ERC-20 has made the token standard very popular in the blockchain world. Three optional functions allow for the customization of the token name, symbol, and to which decimal it can be divided. The six mandatory functions that ERC-20 covers include how a token is transferred and how token data is accessed. It’s features nearly accommodate all of our requirements.” - Arkan Gilang, Sr Blockchain Developer at HARAīy defining a simple, short list of rules that Ethereum tokens need to follow, ERC-20 allows blockchain developers to easily predict how tokens will interact with each other. It’s stable, the most well-documented solution, and has a big community behind it. “HARA uses ERC-20 because it is widely supported in wallets, exchanges, and such.

Apart from guiding the creation of a token, the ERC-20 smart contracts also facilitate the transaction of tokens and record the balance of tokens in an account. The ERC-20 token standard is a technical standard which is used to describe the basic functions that an Ethereum token contract has to include. Let’s first start off by making sure we all know exactly what ERC-20 actually is.

Erc 20 tokens