Ethereum ERC20 Smart Contract Token
Although we are still some way off the ICO we have started initial developments on an ERC20 smart contract which has become the standard for launching and trading a cryptocurrency. Our plan is to integrate this with the JSEcoin platform so users can purchase tokens via an online wallet with Metamask and redeem them into their JSEcoin accounts.
The ethereum testnet rpc was launced locally and coins were moved to and from the local wallets with the Metamask chrome extension.
There is still a lot of work to do to get the contract ready for deployment and by the time we go live ERC23 might be more widely accepted and a better option. It is good to run some tests and get an idea of how the ethereum infrastructure will work together with our platform.
The next step will be to review some of the smart contracts which have been published on github and see which parts we want to include within ours. When a technology like ERC20 becomes so common I don’t think there is any need to rewrite the book, a standard method for investors and traders to purchase JSE is all that is needed.