Token Standards: Understanding the Language of the Blockchain 📚🔍

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. ⛓️

ERC-20 tokens dominate the DeFi landscape, while ERC-721 tokens revolutionize digital art and collectibles with unique, non-fungible assets. ✍🏻

As innovation continues, new token standards will emerge, further enriching the crypto space's language of assets. 🤞🏻

“Let me out…” 🎶

Joaquim Matinero Tor

Banking-financial & Blockchain lawyer

#ERC20 #ERC-721 #blockchain #Bitcoin $BTC $ETH