Mint

Meaning of Mint To mint a coin/token simply means the developer can create units of token without need for mining. Developer could also create additional units of the token and add it to increase the current Maximum supply. For example if a token is launched with maximum supply of 20Million units. It should never increase […]

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Fungible Token

Meaning of Fungible Token This is a token that the whole or part of it could be interchangeable with another as a medium of payment or exchange of value. Let’s simplify this for you, if you own a pet (Cat) and fiat ($1,000 bill) and the Cat is also worth the $1,000. Now, you want […]

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Ethereum

Meaning of Ethereum Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This […]

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ERC20 Token

Meaning of ERC20 Token It means the token adhere strictly to Ethereum Token technical standard known as ERC-20 to work easily as Cryptocurrency on Ethereum Blockchain and mostly compatible with Eth wallets. See ERC, ERC721, ERC23!

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ERC721 Token

Meaning of ERC721 Token It means the token adhere strictly to Ethereum Token Stardard known as ERC-721 to work easily as CryptoCollectible (not serve as currency like ERC-20) on Ethereum Blockchain. It is referred to as an Ethereum Improvement Proposal introduced by Dieter Shirley in late 2017. It’s a proposed standard that would allow smart […]

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ERC23 Token

Meaning of ERC23 Token This is a more advanced version of ERC20 token on Ethereum Blockchain. It has also proven to be more reliable and of a safer standard because it doesn’t allow token transfers to contracts that don’t support token receiving and handling. It could be written as ERC223. See ERC20 Token, Token!

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DOA

Meaning of DOA It is an acronym of Decentralized Autonomous Organization, a set of smart contracts developed on the Ethereum Blockchain. DAO was one of the earliest and biggest applications built on Ethereum’s platform, and it resulted in a mess due to hack and loss of about $50Million shortly after ICO/crowdfunding which raised $150Million.

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Custom Application Token

Meaning of Custom Application Token Custom Application Tokens (CAT or CT), are the simplest form of a digital token which is cryptographically secured by the underlying Blockchain. See Cryptography!

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