The world is rapidly evolving; constant technological developments are pushing the average user further away from the ability to be involved. Within the cryptocurrency it is essential to bring the fundamentals of blockchain to the mass audience. Allowing the blockchain technology to be accessed easily by all. Many blockchain offerings only propose individual or complimentary services but rarely an entire package. Which they also ask for multiple fees upon registrations increasing the costs and efficiency for the users and business involved.
The standard that governs how new cryptographic tokens can be launched on top of the ethereum blockchain has been finalized.
Our solution at Concierge Coin is to provide an open sourced, decentralized Ethereum based platform. The decentralized application & web platform offers a blockchain wallet, ease of transaction with both our token and fiat currency, digital transparency, a record of all chats between parties involved in a transaction, genuine reviews from past customers, high speed payment with minimal transaction fees. The Concierge Token will be available at release on the 4th of November 2018, the token runs on the Ethereum public blockchain and distributed as an ERC-20 compatible token. https://conciergecoin.org
Revealed today by the open-source project's developer team, the ERC-20 standard establishes a common set of rules for tokens issued via ethereum smart contracts, and currently serves as the basis for the many tokens that have been released through initial coin offerings (ICOs).
The standard has now been formalized on the ethereum GitHub page, meaning that going forward, all tokens built on ethereum should conform to the standard. repository
ERC-20 was previously unenforced, but it had been readily adopted by token developers since its introduction in late 2015. The standard ensures that ethereum-based tokens perform in a predictable way throughout the ecosystem, such that decentralized applications and smart contracts are interoperable across the platform, and that all tokens follow a fixed standard of security.
A token is a script running on top of the ethereum blockchain, with an associated database keeping track of ether payments. The term has gained widespread use in ICOs, most of which already use ERC-20 tokens.
The development comes as the roadmap for ethereum's next major upgrade, Metropolis, becomes clearer. Developers revealed last week that a new testnet will be launched a week from now.
Pending the success of that process, ethereum's actual upgrade could come as early as October.
Source: https://www.coindesk.com/ethereums-erc-20-token-standard-formalized/
For a technical description, please visit https://github.com/ethereum
