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Thursday

26 November 2020

Crypto Token Mania Started Five Years Ago Today - Decrypt

Crypto Token Mania Started Five Years Ago Today - Decrypt


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Crypto Token Mania Started Five Years Ago Today.

Exactly five years ago, on November 19, 2015, Vitalik Buterin and Fabian Vogelsteller co-authored theERC-20—a new standard for Ethereum-based (ETH) tokens.

The ERC-20 standard was designed to bring the myriad of different user-created tokens on Ethereum to a common denominator.

For example, EOS, Tron and VeChain were initially launched as ERC-20 tokens before moving to their respective blockchains.

ERC-20 tokens have pushed Ethereum to new highs—and lows—and it’s all happened in just five years.

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