Wybo Wiersma – a 40-year-old Oxford University graduate – has been sentenced to four and a half years in prison after scamming over $2 million in crypto from unsuspecting victims. Following his arrest in 2019, the Dutchman was extradited from the Netherlands back to the United Kingdom (UK) in 2021. Following a five-year investigation by the South East Regional Organised Crime Unit (SEROCU), he pled guilty on January 26 to the Oxford Crown Court. A Five-Year Investigation As reported by…
Token Standards
What are Token Standards?
Token standards are protocols for representing digital assets on the blockchain. Some examples of token standards include ERC-20, BEP-20, ERC-721, TRC-20, and OMNI. These standards define a token contract's functions and characteristics, such as how the tokens can be transferred and what information they transfer. In addition, different blockchain platform applications allow different tokens to be easily exchanged and understood. The Difference Between Coins and Tokens Coins and tokens are both types of digital assets that are built on top…
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Ethereum (ETH) Token Standards
Ethereum token standards are protocols for creating and issuing tokens on the Ethereum blockchain. These standards provide a set of rules that must be followed for a token to be compatible with Ethereum wallets and other Ethereum-based smart contracts. Several different token standards have been developed for Ethereum, including ERC-20, ERC-721, and ERC-1155. Ethereum Popular Token Standards The most popular token standard on Ethereum is ERC-20, which defines a set of rules for creating a fungible token (i.e., interchangeable) that…
3 weeks ago 113 views