Ethereum Token Standards (ERC-20, ERC-721 and ERC-1155)

Here are some of the most popular token standards on Ethereum:

  • ERC-20 โ€“ A standard interface for fungible (interchangeable) tokens, like voting tokens, staking tokens or virtual currencies.

  • ERC-721 โ€“ A standard interface for non-fungible tokens, like a deed for artwork or a song.

  • ERC-777 โ€“ ERC-777 allows people to build extra functionality on top of tokens such as a mixer contract for improved transaction privacy or an emergency recover function to bail you out if you lose your private keys.

  • ERC-1155 โ€“ ERC-1155 allows for more efficient trades and bundling of transactions โ€“ thus saving costs. This token standard allows for creating both utility tokens (such as $BNB or $BAT) and Non-Fungible Tokens like CryptoPunks.

  • ERC-4626 โ€“ A tokenized vault standard designed to optimize and unify the technical parameters of yield-bearing vaults.

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