Erc20 token listing terms on CoinB

Coinbase Reveals ERC20 Token Listing Terms

The American cryptocurrency exchange Coinbase has disclosed a list of the main technical factors that a project must satisfy in order to qualify for the listing of its ERC20 token on the platform.

According to the publication, there are four main factors: the availability of verified source code, the use of industry-standard libraries, the limited role of privileged contributors, and a simple and modular design.

As explained by Coinbase blockchain security engineer Nadir Akhtar, verified source code is a paramount requirement for listing. It encourages developers to upload code to trusted platforms like Etherscan or Github.

In addition, Coinbase recommends using ready-made smart contract standards and not writing all the code from scratch, as this increases the risks of the token. In particular, developers can use the OpenZeppelin smart contract repository.

At the same time, the administrator's rights in the smart contract should be limited. If a contract allows its creator to stop transactions, change user account balances, or completely change the logic of a token, the likelihood of listing such an asset on Coinbase decreases.

Among other things, Coinbase pays attention to the presence of third-party audits, detailed documentation, code compliance with the latest version of the Solidity language, and testing tools for finding bugs. The exchange notes that one mistake by developers can result in multi-million dollar losses.

Former director of Prudential Financial calls bitcoin "safe haven"

In an interview with Reuters, George Ball described digital currencies as attractive alternatives for short-term and long-term investments. He suggested that a large number of investors will enter the cryptocurrency market in September.

Ball based his opinion on the fact that the American government will not be able to constantly stimulate the economy, and the flow of liquidity will not be endless. Sooner or later, the authorities will have to "pay" for their incentive measures and granting benefits to citizens.

“Maybe the government will raise taxes? If not, will it start printing money again? Then it will reduce the value of the currency and will have a bad effect even on Treasury bonds, which are protected from inflation, ”said the financier George Ball.

Former CEO of Prudential Financial predicts an influx of wealthy investors into the bitcoin market

Former Prudential Financial CEO George Ball believes that bitcoin can act as a “defensive asset” for traders and investors looking for alternative investment vehicles. Prudential Financial was founded in 1875 and is the largest insurance company in the United States with over $ 1.4 trillion in assets.

Ball, who in the past identified himself as an opponent of Bitcoin and blockchain, was interviewed by Reuters on August 14. When asked what changes investors can make to their portfolios, he stated that he considered cryptocurrencies "very attractive" for both long-term and short-term investments. Ball expects new investors to come to the market after Labor Day on 7 September.

“The government cannot stimulate markets forever. The influx of liquidity will end. Sooner or later, the authorities will have to pay the price for these incentive measures. Will they raise taxes? Or will they print money? If they print money, it will reduce the value of the currency. It is possible that even inflation-protected treasury bonds will be damaged, ”he said.

According to Ball, this will force wealthy investors to turn to bitcoin or "something like that as the main tool." In this case, the main factor will be the desire of such investors not to avoid paying taxes, but to find “something that cannot be undermined by the state,” he added.

Also last week it became known that the company MicroStrategy with a capitalization of $ 1.2 billion made bitcoin its reserve asset, investing $ 250 million in it.