ERC-20 inventor discusses origins, new blockchains, BRC-20 and more

Fabian Vogelsteller has been working full time creating his new blockchain since 2018, with his mainnet launching in May.

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In 2018, Ethereum lead developer Fabian Vogelsteller reached out to the community for a new smart contract standard he created with co-founder Vitalik Buterin. Dubbed ERC-20, Vogelsteller at the time only wanted comments regarding the novel idea. Little did he know that ERC-20 would trigger a wave of initial coin offerings (ICOs) soon after its inception to become the industry gold standard for issuing tokens on the Ethereum blockchain.

As ERC-20 tokens gained traction, Vogelsteller left the Ethereum Foundation the same year to focus on developing a new blockchain, Lukso. In an interview with Cointelegraph, the ERC-20 inventor discussed his motivation for creating his multiverse blockchain, as well as the latest token standard developments in the industry.

Let's grow this economy of creators that they are currently creating. pic.twitter.com/tIGiGjTpYn

— Fabian Vogelsteller (@feindura) July 20, 2023

Cointelegraph: Currently, ERC-20 is the gold standard of the ecosystem. But in 2018, you left Ethereum to develop Lukso. What was the motivation behind this?

Fabian Vogelsteller: The human story behind this is that Marjorie [who is also the co-founder of Lukso], my wife at the time, had the idea of ​​creating a lifestyle blockchain and the fashion. And I thought that was a great idea. So the story evolved into a blockchain specifically focused on more common use cases, such as lifestyle, fashion designers, social media, content creators, and YouTubers. Anything that looks more like what people would use today rather than the world of tokens, finance, or DeFi.

CT: What inspired you to create the ERC-20 standard?

FV: I proposed the ERC-20 standard...