Journal of Cybersecurity and Information Management
JCIM
2690-6775
2769-7851
10.54216/JCIM
https://www.americaspg.com/journals/show/287
2019
2019
Implementation of Crowd Sale using ERC-20 Tokens
CSE Department, Faculty of Computer Science, Maharaja Agrasen Institute of Technology, India
Ashish
Sharma
CSE Department, Faculty of Computer Science, Maharaja Agrasen Institute of Technology, India
Yogesh
Sharma
CSE Department, Faculty of Computer Science, Maharaja Agrasen Institute of Technology, India
Radhika
Bansal
CSE Department, Faculty of Computer Science, Maharaja Agrasen Institute of Technology, India
Sushant
Verma
The paper aims at creating ERC-20 Token and crowd sale step-by-step with Ethereum smart contracts. In the process, it focuses on testing the smart contracts, deploying the smart contracts to the Ethereum blockchain, and building an ICO website deployed to the web for the buying and selling of the tokens. The Ethereum blockchain provides a platform for creating our cryptocurrency, or tokens that can be purchased via Ether which is the native cryptocurrency of the Ethereum blockchain. ERC-20 is a standard document that specifies the behavior of the tokens so that they are compatible with other platforms like cryptocurrency exchanges. We used Ethereum which is a blockchain like Bitcoin. We created a token called "Token" and there are 100,000,000 such tokens. Firstly, the token smart contract keeps track of some token attributes which are basic. It also keeps track of who owns "My Token" and how much. ERC-20 tokens can be used as a payment just, just like any other cryptocurrency, from one account to another. They can also be purchased in a crowd sale, like an ICO.
2020
2020
05
12
10.54216/JCIM.020101
https://www.americaspg.com/articleinfo/2/show/287