Ethereum’s establishment council founded to speed up the adoption of the network’s specifications with regards to enterprises.

Enterprise Ethereum Alliance (EEA) is the first organization founded by the Ethereum initiative to promote the acceptance of its standards worldwide. The EEA consists of a community of enthusiastic blockchain enthusiasts and cryptocurrency innovators who are committed to improving the quality and speed of blockchain-related business models and initiatives.

Ethereum’s token standard used to run fungible tokens on the network.

ERC-20 is the most popular token standard in cryptocurrency and is native to the Ethereum network. The token serves as the framework and standard for the design and implementation of new tokens on Ethereum. These tokens are then used in smart contracts and eventually become useful components of Ethereum’s ecosystem. In effect, the ERC-20 framework is the standardized token that allows several other tokens to interact seamlessly on Ethereum’s network so that users can perform cross-chain transactions without worrying about incompatibility.

There are several popular tokens that use the ERC-20 framework. These include 

, Wrapped Bitcoin (WBTC), ChainLink (LINK), Maker (MKR) and Dogecoin (DOGE), among others.

The process of encoding data to make it more secure and protect it from authorized access.

Encryption is the encoding computational process used to convert readable information into complex forms. This is especially useful where databases are open to different users who have access to means to breach networks. The process is typically technical and involves the use of software to enable protocols for high security and data protection.

Encryption is a critical requirement in the blockchain revolution. This is why crypto wallets, for example, are guarded by private and public keys. These keys allow authorized access to wallets and trading accounts, so users can rest easy knowing that their assets are protected from data breaches and theft.

Enterprise Ethereum Alliance (EEA)

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