Tailored solutions for your unique business needs.

Expert guidance to optimize your software strategies.

Extend your team with top-notch external resources.

Transforming ideas into market-ready software products.

Scalable and flexible cloud-based software solutions.

Building cutting-edge Software-as-a-Service applications.

Providing end-to-end solutions for your digital needs.

Web apps that offer seamless experiences across devices.

Innovative web solutions for enterprises.

Tailored web apps for your needs.

Engaging websites for consumer success.

Empowering businesses with effective websites.

Expert AI consulting for innovative solutions.

Customized machine learning solutions for your projects.

Strategic machine learning consulting for business growth.

Actionable insights through expert data analytics.

Crafting exceptional apps for iOS.

Innovative apps for Android platform.

One codebase, multiple platform reach.

Efficient apps with hybrid technology.

Optimized apps for native performance.

Ensuring app performance and longevity.

Transforming Ideas into Powerful Mobile Experiences

At Hashlogics, we specialize in mobile app development, creating intuitive, engaging, and high-performance mobile applications for iOS and Android platforms. Our dedicated team of mobile app developers, designers, and testers work closely with you to turn your vision into a reality. Whether you need a native app, cross-platform app, or a hybrid app,

Creating dynamic web apps with Bubble.io

Creating elegant websites with Webflow

Creating collaborative apps with Airtable

Creating hybrid apps with Flutterflow

Retool is the fastest way to build internal software

Visualizing ideas through interactive design frameworks.

Revitalizing websites with modern design approaches.

Elevating mobile apps with enhanced design.

Optimizing experiences across devices with responsiveness.

Crafting intuitive experiences for mobile users.

Crafting intuitive experiences for mobile users.

Crafting Engaging and User-Centric Digital Experiences

At Hashlogics, we specialize in UI/UX development, creating visually stunning and user-friendly digital experiences that captivate and engage your target audience.

Driving sales growth with powerful CRM.

Streamlining operations with Microsoft Dynamics CRM.

Empowering businesses with comprehensive CRM solutions.

Efficient customer management with Zoho CRM.

Streamlining Your Customer Relationships for Business Success

At Hashlogics, we offer comprehensive CRM (Customer Relationship Management) services to empower businesses with efficient and effective customer management solutions. Our CRM services are designed to help you better understand, engage, and nurture your customer relationships, resulting in improved customer satisfaction, increased sales, and enhanced business performance. Whether you need CRM software customization, implementation, or ongoing support, we have the expertise to meet your specific CRM needs.

Expert PHP developers for robust solutions.

Skilled Python developers for versatile applications.

Experienced Java developers for scalable solutions.

Node.js experts for high-performance applications.

.NET specialists for reliable software development.

Ruby on Rails experts for efficient web development.

Proficient React Native developers for cross-platform apps.

MERN stack experts for full-stack development.

Skilled Android developers for mobile apps.

Building Your Dream Team

At Hashlogics, we understand the importance of having a skilled and dedicated development team to bring your projects to life.

Healthcare through innovative technology solutions.

Enabling learning with advanced digital solutions.

Driving efficiency in energy and utilities.

Empowering real estate with digital innovations.

Creating immersive experiences through innovative media.

Serving rich experiences, one plate at a time.

Creating unforgettable moments, wherever your journey takes you.

Raising talent, fostering growth, shaping successful futures.

Guiding you through the complexities of law with expertise and ethics.

Empowering financial dreams with secure and contemporary banking solutions.

Transforming learning for a brighter tomorrow.

Connecting the world, spanning distances with seamless communication.

Our industry service solutions are designed to empower businesses, organizations

At Hashlogics, we offer industry-specific services tailored to meet the unique needs and challenges of various sectors. Our industry service solutions are designed to empower businesses, organizations, and individuals within specific industries to leverage technology and digital innovation to drive growth, streamline operations, and deliver exceptional experiences.

Hashlogics offers comprehensive QA outsourcing services, taking charge of the entire quality assurance process

Hashlogics' QA consultants drive QA process excellence and efficiency.

Hashlogics excels in website performance testing, encompassing critical aspects like capacity planning

Our Usability Testing Services guarantee the reliability, and steadfast stability of your product.

We offers test IO's usability testing service, providing invaluable insights into your software's user perspective.

Hashlogics' Test Automation Services empower your business with precision and efficiency.

Hashlogics Is A Recognized Software Testing Services Company

Our Functional Testing services meticulously validate that every aspect of your software application aligns seamlessly with its behavioral requirement specifications. This rigorous verification ensures not only behavioral adherence but also elevates overall software quality.

Token Standards for Crypto Coin Development

July 7, 2022


Token Standards for Crypto Coin Development

Initially, the cryptocurrency world seemed to be unsettled due to average knowledge about blockchain and Smart Contracts. However, with time, the crypto coin development prospects of many new digital currencies have been secured with token standards. These standards are for those who may have been cautious about investing in a digital token or cryptocurrency.

The idea of an open-source blockchain with integrated Smart Contract functionality to expand blockchain use cases across major industries was introduced by Vitalik Bueterin. Token standards are actually a defined set of rules that facilitate the development of cryptocurrency tokens on different blockchain protocols.

The Ethereum ecosystem welcomes blockchain enthusiasts worldwide to develop blockchain-powered solutions on top of its ecosystem and contribute to its growth without being worried about risks.

Understanding Token Standards

Smart Contract standards are a defined set of rules that must obey to utilize the underlying blockchain network. Blockchains for Smart Contracts or other decentralized applications (dApps) use these application-level standards. Standards for Smart Contracts refer to tokens, name registries, library formats, and many more.

Ethereum token development is one of the prevalent safest modes of token development standards, which upholds the whole network and numerous interconnected projects running simultaneously.

Most Commonly Used Token Standards

Different kinds of standards for supporting Smart Contracts has created. Let’s explore the most common token standards on Ethereum and their roles, followed by three other blockchain platforms.

ERC Token Standards

Ethereum Request for Comments is an acronym of the term ERC. Similarly, it is a concept devised by the Internet Engineering Task Force to communicate technical notes and requirements with developers and users.

Common ERC standards contain the required set of functions based on the token type that better match the Smart Contracts and allow applications to interact with them predictably. Some important ERC token standards are given below.

  • ERC 20
  • ERC 721
  • ERC 777
  • ERC 1400
  • ERC 20

ERC 20 is the most dominant nonfungible token standard for new token creation in the crypto space. It is a commonly used standard for Ethereum-based tokens. The ERC-20 is a simple interface that contains technical standards and all the rules that Ethereum-based tokens must follow for token creation for re-using by other applications like DeFi.

● ERC 721

ERC721 is a token standard that deals with non-fungible tokens (NFTs) on the Ethereum blockchain. NFTs are a particular type of digital art piece known as cryptographic tokens: they have unique properties that are not interchangeable by their specification. Several characteristics distinguish NFTs from one another, making them a suitable medium for representing collectibles, game items, digital art, event tickets, domain names, and ownership records for physical assets.

● ERC 725

Fabian Vogelsteller, the developer of the well-known ERC-20 standard, also proposed the idea of the ERC-725 standard for Blockchain-based identity. It is the best fit for proxy Smart Contracts with its multiple keys and different Smart Contracts that can be managed with ERC-725. Machines, objects, groups, and individuals can all be defined using identity Smart Contracts. Users can hold the digital identity of the contracts instead of centralizing the identity to organizations.

● ERC 777

As with the ERC-227 digital token, the ERC-777 digital token suggests many more ways to boost blockchain usability. This digital token is also called an extended version of the common ERC-20 token standard with many new features. One of the most functional features is its ability to mint or burn tokens, which depends on a project’s token economic model.

● ERC 1400

A Security Token represents a real-world asset on a blockchain, and the ERC-1400 specification was created to describe them. Restricted transfers, the addition of transfer material, document library management, and forced transfers are all possible under this token standard. Further, it allows a wide range of features for the legal deployment of Security Tokens.

Other Blockchain Token Standards

● BEP-20

An extended version of the ERC 20 token is known as BEP 20. It is a Binance Smart Chain token standard that plays a vital role in the development of blockchain technology. Further, it is one of the most widely used Ethereum token standards.

● NEO (NEP-5)

The NEP-5 proposal contains a token standard for the Neo blockchain that allows systems to interface with tokenized Smart Contracts in a more generalized way. The standard for creating NFT is NEP-10. However, it is still in the pipeline phase. The NEP-5 standard represents a tokenized Smart Contract. This is used to regulate the token based on the Neo blockchain.

Final Thoughts

New Ethereum ERC token standards are evolving with new features and bug fixes for existing tokens. With the arrival of these tokens, the digital assets holding became secured and risk-free.

For ensuring the security of your assets, your blockchain platform provides the most value to users. You must first decide which digital token to use.

Connect with our crypto coin development company for a thorough discussion if you have a similar project in mind. We deal in all types of token and coin development.

Our Cryptocurrency Development Company offers a wide range of Ethereum development services and solutions, such as decentralized application development, Smart Contract Development, and next-generation Ethereum solutions.

So don’t be late and get a quote from  cryptocurrency software development company, Hashlogics .

Copy Writer at Hashlogics

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