Token standards are sets of rules that define how tokens behave and interact with the blockchain. Key Ethereum standards include ERC-20 for fungible tokens, ERC-721 for non-fungible tokens (NFTs), and ERC-1155, which allows for both fungible and non-fungible tokens in a single contract. These standards ensure interoperability across decentralized applications, exchanges, and wallets, making them essential for the functioning of DeFi, NFTs, and gaming ecosystems. Understanding these s...

Token standards are sets of rules that define how tokens behave and interact with the blockchain. Key Ethereum standards include ERC-20 for fungible tokens, ERC-721 for non-fungible tokens (NFTs), and ERC-1155, which allows for both fungible and non-fungible tokens in a single contract. These standards ensure interoperability across decentralized applications, exchanges, and wallets, making them essential for the functioning of DeFi, NFTs, and gaming ecosystems. Understanding these s...