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 and use them with Ethereum applications. It covers issuance and redemption and manages their ownership and transfer restrictions.
ERC-1410 Security Token Standard
Though securities are fungible because each confers the same right to the holder, they can have non-fungible characteristics in terms of specific criteria that might apply. ERC-141O allows for a Partially Fungible Token standard where meta-data describes how different subsets of a token balance should behave, including transfer restrictions, specific rights, or obligations.
ERC-725 Standard – Tokenising Identity
The creator of the ERC-20 token, Fabian Vogelsteller, moved his focus onto the thorny issue of how to tokenise identity on Ethereum, creating ERC-725.
ERC-725 allows users to control their identity rather than relying on a centralised service to hold and verify it. It is a crucial element of Web3.0; the next iteration of web experience where users can control their identity, rather than centralised services monetising it.
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