In this chapter, we will discuss one of the wide-spread applications of Ethereum, that is, crypto tokens. We will begin with a short introduction to the Truffle framework and create an ERC20-compatible token using it. Then, we will discuss initial coin offerings (ICOs) and how they can be identified as scam, Ponzi, faucet-like, or legit. We will then introduce the concept of arbitrage with respect to cryptocurrencies. We will also learn about Fiat2Crypto (F2C) and Crypto2Crypto (C2C) exchange. Then, we conclude the chapter with yet another parity hack case study.
After studying this chapter, you will be able to:
- Use Truffle to develop ERC20-compatible tokens
- Identify Ponzi, scams, faucets, and legit ICOs
- Understand arbitrage trading using cryptocurrencies.
- Know about Fiat2Crypto and Crypto2Crypto exchange
- Case study another parity hack...
