ERC-20 inventor discusses origins, new blockchains, BRC-20 and more
In 2018, Ethereum lead designer Fabian Vogelsteller contacted the neighborhood for a brand-new requirement for smart agreements he produced along with co-founder Vitalik Buterin. Little did he know that ERC-20 would fire up a wave of preliminary coin offerings (ICOs) quickly after its inception to become the industry gold requirement for releasing tokens on the Ethereum blockchain.Just as ERC-20 tokens were gaining traction, Vogelsteller left the Ethereum Foundation the exact same year to focus on developing a new blockchain, Lukso. In an interview with Cointelegraph, the ERC-20 creator discussed his motivation for creating his multiverse blockchain, as well as the newest token basic advancements in the sector.Lets pump that developer economy they are currently rekt. Cointelegraph: Currently, ERC-20 is the gold token requirement in the ecosystem. Anything thats more like what the internet users today would utilize rather than the token, financing or DeFi world.CT: What influenced you to produce the ERC-20 standard?FV: I proposed the ERC-20 standard based on an idea from Vitalik.
Cointelegraph: Currently, ERC-20 is the gold token requirement in the ecosystem. Anything thats more like what the web users today would utilize rather than the token, financing or DeFi world.CT: What motivated you to create the ERC-20 standard?FV: I proposed the ERC-20 standard based on an idea from Vitalik. In order to fix this problem, we essentially create a new chain to support early users.CT: Another token standard thats getting really popular just recently is BRC-20 tokens.
In 2018, Ethereum lead designer Fabian Vogelsteller contacted the neighborhood for a new standard for clever agreements he produced along with co-founder Vitalik Buterin. Dubbed ERC-20, Vogelsteller, at the time, just wanted input relating to the novel idea. Little did he know that ERC-20 would ignite a wave of initial coin offerings (ICOs) quickly after its inception to end up being the market gold standard for releasing tokens on the Ethereum blockchain.Just as ERC-20 tokens were getting traction, Vogelsteller left the Ethereum Foundation the same year to focus on developing a brand-new blockchain, Lukso. In an interview with Cointelegraph, the ERC-20 inventor discussed his inspiration for creating his multiverse blockchain, in addition to the most recent token basic developments in the sector.Lets pump that developer economy they are currently rekt. pic.twitter.com/tIGiGjTpYn— Fabian Vogelsteller (@feindura) July 20, 2023