Token Standards: Understanding the Language of the Blockchain đđ
Token standards play a vital role in the interoperability and compatibility of blockchain-based assets. ERC-20 and ERC-721 are among the most widely used token standards, each serving specific use cases in the crypto ecosystem. âïž
ERC-20 tokens dominate the DeFi landscape, while ERC-721 tokens revolutionize digital art and collectibles with unique, non-fungible assets. âđ»
As innovation continues, new token standards will emerge, further enriching the crypto space's language of assets. đ€đ»
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Joaquim Matinero Tor
Banking-financial & Blockchain lawyer
#ERC20 #ERC-721 #blockchain #Bitcoin $BTC $ETH