ERC20 tokens are smart contracts that run on the Ethereum blockchain. ERC is an abbreviation for Ethereum Request for Comments. ERC20 has 6 functions and 2 events. This standard was created to enable interoperability (the ability of computer systems or software to exchange and make use of information). The functions describe how tokens can be transferred. The functions also help …

The results from Project Khokha of South Africa’s central bank has been a success. The project’s proof-of-concept trial to replicate interbank payments and settlements on an Ethereum-based platform has been approved as a success. From the report published by South Africa Reserve Bank (SARB) on a trial of the blockchain-based wholesale payment system (which lasted for nearly 3 months) has …

Kenya is one of the African countries which have shown a great optimism and enthusiasm towards digital currencies. Indeed, the cryptocurrency is experiencing the best of its time in Kenya and East Africa as a whole. The countries have been pushing past the boundaries and looking the cryptocurrency and blockchain technology with a whole different perspective. Despite the confusions and …

Binance, the largest exchange platform for cryptocurrencies to expand across Africa in the near future according to its CEO, Mr ChangPeng Zao, who is also part of the Blockchain.info as the third member of the cryptocurrency wallet’s team. The platform raised 15 million dollars in July 2017 during their Initial Coin Offering (ICO) for ERC20 BNB token. He made this …

Paxful, a global leader in peer-to-peer bitcoin technology, has announced that it will build a blockchain technology incubation hub in Lagos, Nigeria, as part of its growing investment in Africa. The hub will launch in fall 2018 and provide a co-working space and services including mentorship, corporate and individual blockchain training, and networking for ICO advisors. Paxful has also appointed …

The World Blockchain Summit is coming to Nairobi on the 22-23 March 2018,  and the BT ( Blockchain Technology ) is picking a great momentum in Kenyan scene, all that needs to be done is set up the next platform for implementation into different sectors of the ecosystem. Trescon’s main Aim of the summit is to address how Kenya can benefit from BT …

Blockchain basically has come to know after bitcoin and Etherium’s value fluctuations increased in some unknown circumstances. But my greatest worry has gone to more cryptocurrencies emerging rather than solutions based on the blockchain, the ‘framework’ is so powerful to handle and sort out many issues on the African soil. I am not generally against cryptocurrencies but they are rising …