Finance:NEP5

NEP5 (also NEP-5), is a cryptographic token standard used by the cryptocurrency NEO. It is used by trustless smart contracts on the NEO blockchain.

History

Developed in 2017, NEP5 outlines a token standard for the NEO blockchain that will provide systems with a generalized interaction mechanism for tokenized Smart Contract.

Usage

Switcheo application is a decentralized exchange using NEP5.

Technical details

NEP stands for NEO Enhancement Proposal.

The NEP5 aims to give developers a standardized workflow and template to build decentralized applications. All tokens using the NEP5 standard are automatically able to transact with any other token using the same standard.

Functions

An NEP5 token must have the following methods:

 name() returns string  ;[returns the token name]

 symbol() returns string  ;[returns the token symbol]

 decimals() returns byte  ;[returns the number of decimals used by the token - how much the token is divisible]

 

 totalSupply() returns BigInteger  ;[Get the total token supply deployed in the system]

 balanceOf(byte[] account) returns BigInteger  ;[Get the account balance of another account]

 transfer(byte[] from, byte[] to, BigInteger amount) returns bool  ;[Send the amountof tokens from address from to address to]