RATE Group | ERC-20, ERC-223, ERC-721, And ERC-777 Ethereum (ETH) Token Types
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ERC-20, ERC-223, ERC-721, And ERC-777 Ethereum (ETH) Token Types

ERC-20, ERC-223, ERC-721, And ERC-777 Ethereum (ETH) Token Types

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ERC777 Vs ERC20 Tokens: Which Ethereum Improvement Proposal (EIP) Is Best?
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Everything You Should Know About Ethereum Tokens

Ethereum is currently the world’s second most popular cryptocurrency. What most people don’t know though, is there’s more to it than just the cryptocurrency token ETH.

Ethereum is actually a decentralized platform on which smart contracts are written, run and deployed. It’s also the base platform that supports many decentralized apps.

Because lots of dApps can be deployed there, it is very easy to create ethereum based tokens. This is why many ICO tokens and projects are created on the same platform. With a combination of this tokenization and smart contracts, project fulfilment, tracking and monitoring becomes very easy.

Every token created on the platform has to adhere to a standard. These standards determine the token’s function, performance and execution. Think of these standards are variants of an OS. For example, you can compare them to how software perform on the various windows platforms.

The most popular of…

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