#9 Solidity Simple Token
Simple Token Smart Contract:
Welcome to this brand new course about blockchain. In this course and the next ones we will make you familiar with all you need to know about blockchain and also will teach you someof the latest blockchain coding skills, So that you can enter the fascinating world of decentralized applications.
In this video, we will learn about simple token smart contract. The simpleToken smart contract represents a basic implementation of a token on the Ethereum blockchain. It utilizes a mapping called balances to keep track of the token balance for each address. The contract includes an event called Transfer which is emitted whenever a transfer of tokens occurs. Upon deployment of the contract, the initial supply of tokens is assigned to the contract deployer’s address. The contract provides a transfer function that allows users to transfer tokens from their account to another specified address. It verifies that the sender has sufficient funds before deducting the transferred amount from their balance and adding it to the recipient’s balance. The Transfer event is then emitted to notify listeners about the successful token transfer. This simpleToken contract can serve as a foundation for creating and managing tokens on the Ethereum blockchain, enabling the implementation of various token-based systems such as digital currencies, rewards programs, or asset representations.