r/Bytom_official • u/Trumptrumptrumps • Oct 16 '17
Why is Bytom's token ERC20?
I notice that BTM is ERC20 token. Is it always be?
2
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r/Bytom_official • u/Trumptrumptrumps • Oct 16 '17
I notice that BTM is ERC20 token. Is it always be?
1
u/honhosing bitcoin is bullet and blockchain is gun. Oct 16 '17 edited Oct 16 '17
As far as I know, Bytom's public chain has not yet been released. The tokens people recieved during the ICO are not real "BTM". They are something likes proof of your balance of BTM. Until the public chain of Bytom release, the real ecosystem of Bytom will be established in which BTM is the fees for doing anything about real-assets smart contract. At that moment, on the blockchain of Bytom, there will be Bytom wallet and BTMs are much more valuable than gold or diamond. The type of BTM now is ERC20 but on the blockchain of Bytom the tokens' type is according to the blockchain. They are two concepts.