Understanding Metamask’s Balance Updates
Ethereum Wallet, Keeps Track of the Updated Balances of Your ERC20 (Ethereum-Based Token).
The Magic of Balance Updates in Metamask
Metamask or truffle suite, One such contract is the ERC20 standard, which allows developers to build token-based applications.
The Background Process: Balances
When an ERC20 transfer occurs, it is not just a simple “move from one wallet to another.” Instead, it involves updating the balance of both parties involved in the transaction. In your device.
Here’s What Happens:
- These event are attached to the smart contract that manages your tokens.
- Balance update : The
totalsupplyproperty.
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Who Calls Balanceof ()
Balanceof (). This method is called by the smart contract on behalf of your wallet when you query its balance:
* Balance updates : when you call Balanceof () From Metamask, it triggers a request to the Contract’s Internal State. The contract responds with the current balance value.
* Websockets or IPC
: If you are using websockets or IPC (e.g., web3.js), you’ll send a request to the contract’s endpoint and receive the response immediately.
In Summary
Metamask Keeps Track of Your ERC20 Token Balances by:
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Metamask, you can better seek the complexity of managing your digital assets on a blockchain platform like Ethereum.