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Introduction
The world of cryptocurrency is developing rapidly and new techniques and platforms appear daily. One of the most important progress in this area was to develop smart contracts, especially through the ETHELUM block chain, using the ERC-20-token standard. In this article, we explore how ERC-20-smart contracts can be used in stock exchange to open their full potential, focusing on scalability.
What are the ERC-20 smart contracts?
ERC-20 (Ethereum Notes 20) is a standard developed by Ethereum, which allows developers to create and install intelligent contracts. These agreements allow the creation of decentralized applications (DAPP) that can be used to facilitate various transactions such as funds and sales, to replace FIAT currencies, or even financial lending.
ERC-20 token are designed to redeem, that is, their value is determined by supply and demand, similar to traditional encryption currencies such as Bitcoin. They also have a fixed offer to ensure that the total token market value is continuous.
How ERC-20 Intelligent Contracts work on stock exchange
Exchanges such as Binance, Coinbase and Kraken are platforms that facilitate user peer -to -peer events. In order to enable these events, they must support various chips, including ERC-20 smart contracts. It works like this:
- Token Support : Compensation supports a specific symbol standard with ERC-20.
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- Token lists : Shift lists and make a trade of supported cods available.
- Trading : Users can buy and sell the tokens on the stock exchange, the stock market acts as a broker.
Blockchain -focused
As more and more users join the cryptic space, the need for reliable and scaling blockchain increases. The ERC-20 Smart contracts are designed for Scale horizontally, that is, they are able to handle the number of events without sacrificing performance or safety.
Many factors promote the scalability of ERC-20 smart contracts on the stock exchange:
- Distributed Architecture : The decentralized nature of Blockchain gives multiple nodes to validate events by adding general capacity.
- Hash Time Lock Update (HTLC) : HTLC is a consensus mechanism that promotes transaction time and improves scalability.
- Equipment Certificate (POS) : Depressed POS algorithms such as the Ethereum or Binance smart chain can increase the number of events per second, which improves scalability.
The benefits of using ERC-20 on the Stock Exchange
The use of ERC-20 smart contracts in the stock market offers many benefits:
- Increased deployment : With the support of a wide cash, stock exchange attracts more users and generates more income.
- Improved safety : Distributed architecture and HTLC mechanism ensure the safety of events and prevent exploitation.
- Scalability
: The scalability of ERC-20-smart contracts gives the stock market a greater control of trade without sacrificing performance or safety.
conclusion
ERC-20 smart contracts are an effective tool to release the potential of the entire cryptocurrency on the stock exchange. With the support of these puppets, stock exchange can increase approval, improve safety and conceal their operation more effectively. As Krypto Square continues to develop, it is imperative that it stays in front of the curve by accepting innovative techniques such as ERC-20 intelligent contracts.
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