It is a fast rising coin in the cryptocurrency market today.
On this article, we will review ERC20 token by listing the pros and cons.
Please note; This is not an Affiliate Link related article, neither is it a Promotional Article.
An ERC-20 token is a blockchain-based asset with similar functionality to bitcoin, ether, and bitcoin cash: it can hold value and be sent and received. ERC20 tokens are stored and sent using ethereum addresses and transactions, and use gas to cover transaction fees.
There are 1.13B ERC20 in supply.
Pros of ERC20
- They are fully decentralized
- A lot of investors are ‘flocking’ to invest
- It is listed on coinmarketcap
Cons of ERC20
- The coin is still under research and developments
- Multiple issues with its synchronizations between ledgers
Is ERC20 Legit or Scam?
Due to the high rate of scam in cryptocurrency, a lot of traders have been trading in fear.
According to research and reviews, ERC20 is not a scam coin. It has been listed on top cryptocurrency wallets.
Follow our blog to learn about coin legitimacy. You can share your thoughts and experiences about ERC20 on the comment section below. Don’t forget to rate and leave a review.