I'm pretty ignorant, especially when it comes to blockchain. How do you attach a token to a block chain? Is it just packaged with the blockchain when it's data is sent for a transaction or is the...
I'm pretty ignorant, especially when it comes to blockchain.
How do you attach a token to a block chain?
Is it just packaged with the blockchain when it's data is sent for a transaction or is the token actively incorperated into the blockchain?
I don't actively research Blockchain (I quit before Ethereum become a thing) from my understanding Ethereum allow anyone to deploy code into the Blockchain, written in its own language (usually...
I don't actively research Blockchain (I quit before Ethereum become a thing) from my understanding Ethereum allow anyone to deploy code into the Blockchain, written in its own language (usually via a custom compiler) called "smart contract". Each instruction has a cost called "gas" which is paid in $ETH.
The contract can hold money and data. So people invented the ERC20 standard which is standardized data and methods for interacting with tokens.
I'm pretty ignorant, especially when it comes to blockchain.
How do you attach a token to a block chain?
Is it just packaged with the blockchain when it's data is sent for a transaction or is the token actively incorperated into the blockchain?
I don't actively research Blockchain (I quit before Ethereum become a thing) from my understanding Ethereum allow anyone to deploy code into the Blockchain, written in its own language (usually via a custom compiler) called "smart contract". Each instruction has a cost called "gas" which is paid in $ETH.
The contract can hold money and data. So people invented the ERC20 standard which is standardized data and methods for interacting with tokens.
Interesting thanks for this!
Definately makes a lot more sense with that info.