[Blockchain 101] Token standards

Jack
Jul 25, 2022

What is ERC-20/ERC -721/ERC-1155/…?

ERC-20

A standard interface for fungible (interchangeable) tokens, like voting tokens, staking tokens or virtual currencies.

ERC-721

A standard interface for non-fungible tokens, like a deed for artwork or a song.

ERC-777

ERC-777 allows people to build extra functionality on top of tokens such as a mixer contract for improved transaction privacy or an emergency recover function to bail you out if you lose your private keys.

ERC-1155

This token standard allows for creating both utility tokens (such as $BNB or $BAT) and Non-Fungible Tokens like CryptoPunks.

For instance: Game NFTs contain Fungible Token (Same type NFTs) and Non-Fungible Token (different NFT types), so

ERC-4626

A tokenized vault standard designed to optimize and unify the technical parameters of yield-bearing vaults.

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