Category: 8. What are token standards?

Though Ethereum established the concept of a Turin Complete computational blockchain, it wasn’t long before other chains emerged, often looking to emulate, and improve on, its use of Smart Contracts while applying token standards that are very similar. Tezos Token Standards The Tezos blockchain offers Smart Contract functionality but is designed to provide a more…

Ethereum token standards have improved and evolved to match new use cases. For example, ERC-1400 provides a library of standards allowing tokens to function as securities. ERC-1400 Security Token Standard Most people would understand the term security in reference to a stock or share in a company. ERC-1400 creates a standard way to tokenise securities…

The other most common Ethereum token standard provides the opposite utility to a fungible token. It creates a form of value that isn’t interchangeable but is unique, a Non-Fungible Token aka an NFT. You would have to be living off-grid not to have heard mention of NFTs. NFTs function as receipts of ownership for things…

Ethereum provides a token standards list described in ERC format and a number. ERC stands for Ethereum Request for Comment and refers to a technical document that blockchain developers can reference when writing Smart Contracts and building dApps.  The ERC-20 Standard The most common Ethereum token standard is ERC-20. This set of guidelines allows developers…

Ethereum provides a computational engine for any idea that can be reduced to mathematics, leaving developers free to be imaginative in building dApps. Ethereum doesn’t enforce rules on those that use it, like Google’s Playstore or Apple’s App Store, and includes its currency, Ether, used as a medium of exchange within a dApp and a…

What you’ll learn : 1. Why token standards are essential for cryptocurrency 2. The ERC-20 token standard 3. How do NFTs come into it?  4. What other types of token standards are out there? A globally connected world is only possible with the adoption of shared standards. This can mean how we measure and weigh things,…