Time Farm Answers: When was ERC-20 created? Find Out the Facts!

Bittime - On September 18 2024, Time Farm will again provide important information to its users. In this edition, the platform known as the Oracle of Time raises questions about the history of blockchain technology, especially regarding the ERC-20 token standard which is very influential in the Ethereum ecosystem. 

The question asked was: "When was Ethereum's ERC-20 token standard proposed?" Knowing the answer to this question is very important for cryptocurrency fans and industry players.

ERC-20 History Question Answers

The question of the timing of the proposed ERC-20 token standard is very relevant considering the crucial role it plays in the development of various Ethereum-based projects. The desired answer to this question is November 19, 2015. 

This date marks the moment when Vitalik Buterin and his team submitted a proposal for ERC-20, which later became one of the most widely used standards for tokens on the Ethereum network. This information is very useful for those who want to understand the foundations of many of today's cryptocurrency projects.

Why is ERC-20 so important?

The ERC-20 standard allows developers to create interoperable tokens, meaning they can work with a variety of Ethereum-based applications and platforms. 

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With this standard, developers do not need to create new protocols from scratch, thereby speeding up the development and innovation process in the blockchain ecosystem. This paved the way for the emergence of thousands of new tokens and projects based on Ethereum, including well-known ones like Uniswap and Chainlink.

Time Farm and its Role in Cryptocurrency Education

Time Farm is committed to providing accurate and educational information to its users. Through the questions asked every day, this platform not only provides entertainment, but also educates users about important aspects in the world of cryptocurrency and blockchain. 

By answering questions such as those related to ERC-20, Time Farm seeks to increase users' understanding of how this technology is developing and what impact it is having on the global financial industry.

Active Time Farm Community

Time Farm also has an active user community, where members share information and strategies for answering daily questions. Discussions on forums and social media provide opportunities for users to learn from each other. 

This community is one of Time Farm's main strengths, as it provides a supportive environment for users to grow and learn. By sharing knowledge, community members can strengthen their position in the ever-changing cryptocurrency world.

Conclusion: Knowing History Is Very Important

Knowing when the ERC-20 token standard was proposed is not only important for historical knowledge, but also for understanding the current dynamics of the cryptocurrency industry. November 19, 2015 was an important moment in the journey of blockchain technology, and understanding this helps users better appreciate the innovation. 

With a platform like Time Farm, users can stay informed and answer important questions that can hone their knowledge. Therefore, stay involved in Time Farm activities and increase your understanding of the world of cryptocurrency!

How to Buy Crypto with Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor graphic movement price Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.