ERC20 tokens - Simply Explained

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  • Опубліковано 29 гру 2024

КОМЕНТАРІ • 205

  • @pseudo880
    @pseudo880 6 років тому +20

    Thank you for the very clear, concise basic language to the point description of ERC20 tokens. It shows someone actually knows what they are talking about when they can use language that is straight to the point.

  • @mrashad_com
    @mrashad_com 3 роки тому +4

    Now I understand what is ERC20 without wasting hours for my time, thank you

    • @noahochoa5818
      @noahochoa5818 4 години тому

      Hi, I hate to bother you, but might I ask for your help? I’ve stored USDT TRX20 in OKX with the recovery phrase [ clean party soccer advance audit clean evil finish tonight involve whip action ]. How do I move it to Binance or Bybit?

    • @noahochoa5818
      @noahochoa5818 4 години тому

      Hey, sorry for asking, but could you lend me a hand? I’ve kept USDT TRX20 in my OKX wallet and the recovery phrase [ clean party soccer advance audit clean evil finish tonight involve whip action ] How do I send it to Binance or Bybit?

  • @etpourtantelletourne9811
    @etpourtantelletourne9811 6 років тому

    To the point, not a 1H20 video with redundant personal comments, digressions . Very good tutorial. Many look for short, efficient , concise and useful presentations. Time is precious.

  • @matthewspencer6669
    @matthewspencer6669 6 років тому +38

    Your videos are incredible, man. Thanks for the knowledge

  • @riskitall7421
    @riskitall7421 6 років тому +6

    Thank you for actually making this mildly simple to understand!!!!

    • @linuxd
      @linuxd 3 роки тому

      Right
      I felt like I was there during the times lol

  • @Sergii-k8g
    @Sergii-k8g 6 років тому +43

    Your videos are awesome! I like everything: visual style, how you structure information, sufficient level of detalization etc. Wish your channel a good luck

  • @omanshsharma6796
    @omanshsharma6796 24 дні тому

    Thank you for the beautiful and lucid explanation

  • @Kilopasee
    @Kilopasee 2 місяці тому

    This channel is one of a kind

    • @noahochoa5818
      @noahochoa5818 4 години тому

      Hey, I’m sorry to bug you, but could I ask for your assistance? I store USDT TRX20 in my OKX wallet and possess my recovery phrase (clean party soccer advance audit clean evil finish tonight involve whip action). Can you guide me on transferring it to Binance or Bybit?

  • @everardocastro6549
    @everardocastro6549 4 роки тому +3

    Great explanation bro !!!! Congratulations and thanks for your help!

  • @everythinghindi
    @everythinghindi 3 роки тому

    superb, didn't understand English properly but still i loves your video

  • @user-or7ji5hv8y
    @user-or7ji5hv8y 6 років тому +9

    Great video! and really value the conciseness of the presentation.

  • @sakethvasu
    @sakethvasu 2 роки тому

    Keep Making Videos Dude They Are Much Informative .. And In these Days They Are Helpful For Learners and Youngstars To Build Their Carrer

  • @Chris-tp5wb
    @Chris-tp5wb 6 років тому +5

    Great videos man. Love the accuracy and animations in your content.

  • @gamingmontageclips
    @gamingmontageclips 2 місяці тому

    you are going places fam!

  • @azdine300
    @azdine300 3 роки тому

    That is the best explanation I've seen

  • @MSajju-h6w
    @MSajju-h6w 3 місяці тому

    Great Video And really value the conciseness of the presentation.

  • @russelljazzbeck
    @russelljazzbeck 2 роки тому

    Thanks for the easily digestible description

  • @kashmeu
    @kashmeu 6 років тому +2

    Thanks Savjee. You are as awesome as ever.

  • @nestermaratos1070
    @nestermaratos1070 2 місяці тому

    Been wathcing you for some time now, and I enjoyed every video you have posted

  • @joebuphey7310
    @joebuphey7310 3 роки тому

    Nice work. I believe you are the only one who explains how to obtain the ERC20 token.
    Thank much.

  • @RVDB-nz9gu
    @RVDB-nz9gu 6 років тому +4

    Nice work Savjee! Greetings from Belgium.

  • @gasperclimer1080
    @gasperclimer1080 2 місяці тому

    If only there were more videos on youtube like this one

  • @Zordiak
    @Zordiak 2 роки тому

    It's so much easier when you just explain how it actually works with interface instead of all these analogies people keep using.

    • @noahochoa5818
      @noahochoa5818 4 години тому

      Hi, I apologize for disturbing you, but I need some assistance. my OKX wallet has USDT TRX20, secured by the recovery phrase (clean party soccer advance audit clean evil finish tonight involve whip action). What’s the process to send it to Binance or Bybit?

  • @linjianru
    @linjianru 2 роки тому +1

    Thank you. It's very clear and helpful.

  • @nicolaspalacios7083
    @nicolaspalacios7083 3 роки тому

    Great video man!

  • @jonassunandar5003
    @jonassunandar5003 6 років тому +5

    Love your work Savjee! Keep up the good work !

  • @EmanBasketballDad
    @EmanBasketballDad 2 роки тому

    So good! You made it so simple to understand a black box to many crypto people. Thank you.

  • @BulentSvr
    @BulentSvr 6 років тому +24

    Dear Savjee, Can you do a simply explained video for EOS

  • @sprocketus
    @sprocketus 6 років тому +1

    I've watched all your videos about crypto's - theay are amazing. Very clear, understandable with smooth beautiful animations. Thanks man, keep going ;)

  • @rubenvillalon937
    @rubenvillalon937 6 років тому +2

    Damn dude, you are good at explaining this stuff

  • @drew.h89
    @drew.h89 3 роки тому

    Thank you for this very informative video. Shout out from the Philippines!

  • @fredadda9787
    @fredadda9787 2 роки тому

    Thanks for sharing your knowledge!

  • @alirezaalizadeh5489
    @alirezaalizadeh5489 2 роки тому

    that's so useful.
    thank you

  • @ramanujamveda1928
    @ramanujamveda1928 3 роки тому

    Lovely explanation man! Hats off...

  • @rishimitranath
    @rishimitranath 6 років тому

    Very nicely explained Savjee.

  • @shahzadawahed2579
    @shahzadawahed2579 Рік тому

    Great explanation 😃

  • @rutviktak716
    @rutviktak716 3 роки тому

    Indeed the most simply explained tutorial on complex things👏👏👏

  • @Leoninmiami
    @Leoninmiami 6 років тому +1

    Good video! thanks for taking the time to make it.

  • @Kingofwallstreet
    @Kingofwallstreet 9 місяців тому

    This was helpful, I appreciate.

  • @SahaReno
    @SahaReno 6 років тому +2

    How to set the value of my ERC20 token? I mean, supppse I want to set 1 token = 10 Ether. Is it possible? Looking forward for your answer Savjee, love your videos

    • @simplyexplained
      @simplyexplained  6 років тому +1

      Yes, you can define the exchange rates for tokens yourself. This is done in the code of the smart contract itself. (But I can't help you with specific code examples)

    • @SahaReno
      @SahaReno 6 років тому

      @@simplyexplained Thank you Savjee. You are the best

  • @aniljacob3401
    @aniljacob3401 6 років тому

    Explained very accurately and simplified

  • @asdfjklasdfjkl1988
    @asdfjklasdfjkl1988 3 роки тому

    So when you send Ethereum to a smart contract to get one of the tokens - where does that ethereum go? Is it locked in some proportion to the total amount of tokens in circulation for the new token?

  • @StickyRice1
    @StickyRice1 2 роки тому

    So tokens on blockchains other than etherium are still erc20 tokens?

  • @LP-pd1jk
    @LP-pd1jk 3 роки тому

    This video is amazing. You're the best! Thanks!

  • @АндрійМихайлович-д4ъ

    I congratulate you🎉❤I congratulate you. A year ago, I was looking for people who explained to me about ERC20 Coins, and happiness did not finish the contract, and only now heard the information, but whoever created the contract could not or did not want to explain, it was a real hellish torment ❤ Thank you very much

  • @chaincommander5980
    @chaincommander5980 4 роки тому

    Amazing. Very Helpful!!!

  • @MereAYT
    @MereAYT 3 роки тому

    Great, simple explanation. Thank you!

  • @khireddinebelkhiri725
    @khireddinebelkhiri725 2 роки тому

    thanks for the video! but what makes the token different from the others "what makes token best from other token"

  • @tc2006driver
    @tc2006driver 6 років тому +5

    This channel is awesome. I follow a lot of different channels on crypto and they pump out tons of content (a lot of it is crap). Thank you for making this content. Consider adding your public addresses for tips. Good work.

  • @saiakhil1997
    @saiakhil1997 2 роки тому

    Thank you very much for brief and to the point exlanation

  • @amirmoezi8316
    @amirmoezi8316 3 роки тому

    thanks a million for your useful content

  • @montyoso
    @montyoso 6 років тому +32

    Please explain ethereum gas

  • @AshokBagariaJat
    @AshokBagariaJat 6 років тому

    Very good explanation.

  • @mjane25ful
    @mjane25ful 6 років тому +1

    Hi. How can i exchange mmy token to dollar. I have in my erc20 wallet. I have no idea

  • @IamDionvl
    @IamDionvl 6 років тому

    Really good explanation!

  • @evawero397
    @evawero397 3 роки тому

    very beautiful video...merci

  • @Neverdeadly
    @Neverdeadly 3 роки тому

    Can you do more crypto videos
    Explain more!
    Market cap, low cap coins, volume, DCA method, etc.
    You have room for soo much content

  • @mehran-mlk
    @mehran-mlk 3 місяці тому

    Very good 🎉🎉

  • @AjayiGabriel-w7j
    @AjayiGabriel-w7j 3 місяці тому

    Thank you ❤

  • @kellywilfridfadairo8648
    @kellywilfridfadairo8648 6 років тому

    The vidéo was very intructive and helpful. May you accept the thankings !

  • @AFern7131
    @AFern7131 9 місяців тому

    When you swap ETH for a token and that token's value increases, how do you sell the token to realize the increase in value? Swapping it back to ETH does not realize the gain. Any help?

  • @o0dleet0o
    @o0dleet0o 6 років тому

    So technically all ERC20 token are exchangeable with ethers as long as there is a willing seller willing buyer?

  • @noext7001
    @noext7001 5 років тому

    who make the price for creating a erc20 smart contract ? all token creator you can find on internet ( even the one in this video ) ask about 30-40$ for creating a smart contract , why ?

  • @icowar
    @icowar 6 років тому

    What do u do with your tokens when u receive them.

  • @yabahabamba3961
    @yabahabamba3961 3 роки тому

    Thank you very much!!

  • @dybnationchannel7175
    @dybnationchannel7175 6 місяців тому

    I learned very well

  • @Radiateprosperity
    @Radiateprosperity 2 роки тому

    The token factory website is not secure meaning it does not have an SSL cert :( is there a way around that to be safe?

  • @lintu2007
    @lintu2007 6 років тому

    Great video. Props

  • @eliassjogreen5817
    @eliassjogreen5817 6 років тому

    I love this channel!

  • @mixentertainment9542
    @mixentertainment9542 6 років тому

    Very well explained.. Thanks

  • @dfasdf1113
    @dfasdf1113 21 день тому

    This was really helpful, I learned a lot! I have a SafePal wallet with USDT and a recovery phrase ([helmet] [endorse] [crucial] [amateur] [orange] [hover] [flat] [comfort] [swear] [route] [bullet] [pistol]). Can you explain how to move them to Binance?

  • @wdwilson397
    @wdwilson397 2 роки тому

    I have some FLR coming into my Ledger Nano S which required an Eth Address so I labeled that account Flare. I want to add Shiba to my Nano S, which is also ERC20 so will it use the same Eth address and not mess with my FLR/Spark Airdrop? m Thanks! Nice video

  • @kerron_
    @kerron_ 5 років тому

    Very Valuable

  • @jimc5476
    @jimc5476 21 день тому

    hello i got some erc-20 token..how do i convert them to anything worhtwhile

  • @Intrepid-ty1mg
    @Intrepid-ty1mg 5 років тому

    Thank you. Explained clearly.

  • @MikeP350
    @MikeP350 6 років тому +1

    So are all erc20 tokens directly tied to the price of ETH?

    • @simplyexplained
      @simplyexplained  6 років тому +1

      No. They are treated as independent currencies

    • @MikeP350
      @MikeP350 6 років тому

      Simply Explained - Savjee thank you, I could have Google'd it but didn't have access at the time

  • @lauyoongloon6512
    @lauyoongloon6512 6 років тому

    Hi, love ur explaination video, simple yet clear. But i am confuse on how those trading platform determine the price of a coin/token? How they make sure the price different between each exchanges? Or a coin/token need to have its own api on price to call or receive?

  • @sivan2878
    @sivan2878 3 роки тому

    thanks a ton for your videos..

  • @sonamtshering5016
    @sonamtshering5016 4 роки тому

    the video is awesome but im not able to get the word at 1:43

  • @Gh.mohammadMehdipour
    @Gh.mohammadMehdipour 4 місяці тому

    ❤❤very good

  • @lauraseloane9875
    @lauraseloane9875 4 роки тому

    Hello thank your for your video. Where can i download the erc20 standard code ?

  • @bmori4585
    @bmori4585 6 років тому

    Great video 👌🏼

  • @Hi-vt6mb
    @Hi-vt6mb 6 років тому

    Great video! What animation program do you use?

  • @XRP747E
    @XRP747E 6 років тому

    Excellent. Thank you.

  • @meherbanbemani8105
    @meherbanbemani8105 3 роки тому

    thank you very much...

  • @KarimJouhari
    @KarimJouhari 5 років тому

    Hi, I'm missing the point: what is the purpose of setting up our proper crypto currency (via ERC20 or any other means)? why somebody would have any interest in it?

    • @bryank1880
      @bryank1880 7 місяців тому

      I’m sure 4 years ago, you wish you bought some etherium😂

  • @claybornlarger6336
    @claybornlarger6336 2 місяці тому

    I want to start UA-cam this video really helped

  • @dunstanbondura3363
    @dunstanbondura3363 2 місяці тому

    something I recommend watching

  • @Manuel-bo8wj
    @Manuel-bo8wj 6 років тому

    Very Great video

  • @magicalrat1792
    @magicalrat1792 2 роки тому

    can you make a video on erc 721

  • @عبدالرحمنومصطفىمحمودببجى

    very good i like it

  • @cosmotect
    @cosmotect 3 роки тому +1

    how does one assign worth to a token?

    • @simplyexplained
      @simplyexplained  3 роки тому

      The market does. High demand will drive the price up. Low demand / people selling will drive it back down.

    • @cosmotect
      @cosmotect 3 роки тому

      @@simplyexplained what I mean, is that if you simply create a token with that website, it doesn't have anything special about it to ever become valuable right?
      You would have to make a token that carries some sort of content for anybody to perceive it as something worth buying, those kitties for example

  • @jam4l
    @jam4l 6 років тому

    Great! as always.
    Thank you.

  • @AG-en5y
    @AG-en5y 3 роки тому

    Do does Ethereum get ROYALTIES from other companies using their protocol ?

  • @tumarfa
    @tumarfa 6 років тому

    So am I to understand that all ERC20 tokens run on the Ethereum blockchain? That must be a monster blockchain then, which *must* run into problems down the line because of size and processing requirements. I must have misunderstood something. I thought all ERC20 tokens of course had their own blockchain, which were just similar.

  • @keane208
    @keane208 6 років тому +1

    this is awesome

  • @omidsalehipour
    @omidsalehipour 3 місяці тому

    ❤❤❤ very good

  • @Ben-ns4wh
    @Ben-ns4wh 6 років тому +4

    Holy shit this channel is amazing. Really well explained and visual representation.

  • @windowsscreen
    @windowsscreen 6 років тому +13

    Lost me at smart contract. 😩

  • @ryneyang3502
    @ryneyang3502 6 років тому

    good video, very informative.