ERC 20, ERC 721 and ERC 1155: why are they important?
ERC 20 is one of the most widely known standards for fungible tokens, as its greatest traits are each token has the same value and can be interchanged. ERC 20 tokens can be represented as anything on-chain with the same price or value and also be transferred. In the NFT market, however, ERC 721 and ERC 1155 are the two most predominantly used and popular standards. ERC 721 is the first standard protocol for Non-Fungible Tokens, each with specific characteristics and ownership details. Simply ...
ERC 20, ERC 721 and ERC 1155: why are they important?
ERC 20 is one of the most widely known standards for fungible tokens, as its greatest traits are each token has the same value and can be interchanged. ERC 20 tokens can be represented as anything on-chain with the same price or value and also be transferred. In the NFT market, however, ERC 721 and ERC 1155 are the two most predominantly used and popular standards. ERC 721 is the first standard protocol for Non-Fungible Tokens, each with specific characteristics and ownership details. Simply ...
EIP vs. ERC
The terms of EIP and ERC might get your eyeballs frequently when it comes to Ethereum and cryptocurrency. So what exactly is the difference between these two, and what are their primary roles? Let's rock a brief overview… EIP, Ethereum Improvement Proposals, is a document designed for improving or changing the Ethereum protocol. All community members, including developers, researchers, and users, can propose those formal proposals to iterate the Ethereum network's functionality. EIP...
EIP vs. ERC
The terms of EIP and ERC might get your eyeballs frequently when it comes to Ethereum and cryptocurrency. So what exactly is the difference between these two, and what are their primary roles? Let's rock a brief overview… EIP, Ethereum Improvement Proposals, is a document designed for improving or changing the Ethereum protocol. All community members, including developers, researchers, and users, can propose those formal proposals to iterate the Ethereum network's functionality. EIP...
