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The ERC20 Token Standard is a set of 8 functions to be included (in an agreed upon language) in a smart token contract in order to enable interoperability across multiple interfaces and dapps. These functions relate to (1) how tokens can be transferred (2) how to access data about the token, and (3) how to format key events like transfers and approvals. ERC stands for Ethereum Request for Comments.
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How can I trade an ERC-20 token with a specific counterparty?
To trade an ERC-20 token, I can go on Uniswap and trade with the liquidity pool.
How can I make a trade with a specific wallet? Do I need to find a smart contract that manages the bids and transfers?
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Is there a gas difference between minting and sending ERC-20 tokens?
Is there a large difference in the cost of gas when you mint tokens in a pre-existing ERC-20 contract, versus sending that same token?
One example would be when an AMM like Uniswap wants to send token …
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Why isn't there a "main" ERC-20 smart contract to reference?
In object-oriented programming, you can often extend or rename functions.
This functionality would be helpful in smart contracts, because you'd only have to pay for the gas for any incremental lines o …
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2
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What are the reasons to use ERC-1155 instead of multiple ERC-20 contracts?
The ERC-1155 standard allows for multiple semi-fungible tokens.
If I understand correctly, this would be no different than creating multiple ERC-20 contracts, with the same token quantities, to repres …
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NFT ERC 721 smart contracts
An important distinction here is "an NFT" versus "a unique digital representation of an artwork."
Like Lauri says, each NFT is technically unique. But we don't yet have a way to ensure there is only o …
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Could we fork Ethereum and make Ether ERC-20 compliant?
Is it possible for some future fork to make Ethereum ERC-20 compliant?
Since ERC-20 didn't exist at the beginning of Ethereum, I'm curious if it would be beneficial for Ether to interact more directly …
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Would it be possible to create a token that you can mint on-demand?
Is it possible to create a token that you can mint on demand?
Some possibilities might be to allow a specific wallet to execute the minting command, or to set the price ahead of time, or to use other …
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How to distinguish buy and sell?
"Buy" and "Sell" are imperfect explanations of what's happening on Uniswap. You're trading one token for another, so for every transaction you're both buying and selling.
It looks like the Sell transf …