Ultron Foundation implements the ULC-20 standard and announces the partnership with LottoDay: now it’s forbidden to remain out.

It’s often said that every departure is lost, and with each passing day I am more grateful to Mirko Falleri for having granted me this opportunity that probably comes once in a lifetime.

Don’t miss this opportunity: >>> starts from here!

🗣🇮🇹 — Puoi leggere questo articolo in lingua italiana qui

What’s the ULC-20 standard

Token standards are sets of rules and conventions that govern the functioning of a crypto token: to name a few, among the most widespread, you can’t fail to have heard of ERC-20, BEP-20 and TRC-20. After all, while there are tens of thousands of cryptocurrencies, it might surprise you to learn that most of them are built on the same pattern. These schemes, called token standards, define some of the main features and properties of blockchain tokens. Token standards ensure that all products built to that standard can interact or work together. If a project distributes a token built to a token standard, the new token will remain compatible with existing platforms and applications, such as wallets. For example, ERC-20 assets are interoperable with other products and services developed using the same token standard. But that’s not all: the standard (the word itself says it!) indicates a common method (and a set of basic functions that are the same for everyone) for operating on tokens and smart contracts of the specific blockchain. An example? The BalanceOf function provided by any standard necessarily provides the balance of a token, just as the Approve method defines a limit to the number of tokens that a smartcontract can manage. Ultron Foundation implemented its ULC-20 standard establishing itself as a major player in the blockchain realm, carving its way past major players such as Ethereum and Binance. Having a proprietary standard but compatible with the most widespread ones, in addition to having a consolidated and solid proprietary token (ULX), expands the usability of the Ultron blockchain to very high levels, and above all opens the way for anyone who wants to develop high-end products on it quality having a known and consolidated infrastructure available.