ERC-20 inventor discusses origins, new blockchains, BRC-20 and more

Fabian Vogelsteller is a software engineer and entrepreneur who is best known for creating the ERC-20 token standard. ERC-20 is the most popular token standard on the Ethereum blockchain, and it is used by millions of people around the world.

In an interview with Cointelegraph, Vogelsteller discussed the origins of the ERC-20 standard, the rise of new blockchains, and the future of the cryptocurrency industry.

Origins of the ERC-20 standard

Vogelsteller began working on the ERC-20 standard in 2015. At the time, there were a number of different token standards being used on the Ethereum blockchain, but none of them were widely adopted.

Vogelsteller wanted to create a token standard that was simple to use and compatible with all Ethereum wallets and exchanges. He also wanted to create a standard that would allow developers to create new tokens with ease.

The rise of new blockchains

In recent years, there has been a rise in new blockchains that are competing with Ethereum. Some of the most popular new blockchains include Solana, Avalanche, and Cardano.

Vogelsteller believes that the rise of new blockchains is a good thing for the cryptocurrency industry. He believes that competition will help to drive innovation and make cryptocurrencies more accessible to a wider range of people.

BRC-20

BRC-20 is a token standard on the Binance Smart Chain. It is very similar to the ERC-20 standard, and it allows developers to create new tokens on the Binance Smart Chain with ease.

Vogelsteller believes that BRC-20 is a good way to bring the benefits of Ethereum to a wider range of people. He believes that the Binance Smart Chain is a fast and low-cost blockchain that is ideal for developing new applications.

The future of the cryptocurrency industry

Vogelsteller is optimistic about the future of the cryptocurrency industry. He believes that cryptocurrencies have the potential to revolutionize the way we think about money and finance.

He also believes that the cryptocurrency industry is still in its early stages of development, and there is a lot of room for growth. He is excited to see what the future holds for cryptocurrencies and the blockchain technology that underlies them.

Fabian Vogelsteller is a pioneer in the cryptocurrency industry. He is the creator of the ERC-20 token standard, which is the most popular token standard on the Ethereum blockchain.

Vogelsteller is also optimistic about the future of the cryptocurrency industry. He believes that cryptocurrencies have the potential to revolutionize the way we think about money and finance..

Additional information

Here are some additional thoughts on the ERC-20 standard, new blockchains, BRC-20, and the future of cryptocurrency industry:

• ERC-20 standard: The ERC-20 standard has been a major factor in the success of the Ethereum blockchain. It has made it easy for developers to create new tokens and for users to store and trade tokens.
• New blockchains: The rise of new blockchains is a positive development for the cryptocurrency industry. It is leading to more competition and innovation.
• BRC-20: BRC-20 is a good way to bring the benefits of Ethereum to a wider range of people. It is a fast and low-cost blockchain that is ideal for developing new applications.
• Future of the cryptocurrency industry: The cryptocurrency industry is still in its early stages of development, and there is a lot of room for growth. Cryptocurrencies have the potential to revolutionize the way we think about money and finance.

Overall, the cryptocurrency industry is a dynamic and rapidly evolving industry. Fabian Vogelsteller is one of the pioneers of this industry, and his insights are valuable for anyone who is interested in the future of cryptocurrencies.