Cryptocurrency Q&A
What is ERC20 vs ERC721?
What is ERC20 vs ERC721?
DondaejiDelightful
Mon May 13 2024
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6 answers
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Could you please elaborate on the difference between ERC20 and ERC721? I'm particularly interested in understanding how they differ in terms of their function, usage, and significance within the cryptocurrency and blockchain ecosystem. ERC20, as I understand, is a standard protocol for tokens on the Ethereum blockchain, enabling interoperability and compatibility among various tokens. On the other hand, ERC721 seems to be focused on non-fungible tokens, emphasizing uniqueness and individuality. Could you provide a deeper insight into these two standards and their respective applications? Thank you for your time and expertise in this matter.
6 answers
GeishaCharm
Wed May 15 2024
ERC20 and ERC721 tokens differ primarily in their fungibility aspect.
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ShintoMystical
Tue May 14 2024
This characteristic sets them apart from ERC20 tokens, which often allow for fractional ownership.
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GyeongjuGloryDaysFestival
Tue May 14 2024
BTCC, a leading UK-based cryptocurrency exchange, offers a comprehensive suite of services.
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emma_anderson_scientist
Tue May 14 2024
ERC20 tokens are fungible, meaning they are interchangeable and represent a standardized asset.
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NebulaNavigator
Tue May 14 2024
In contrast, ERC721 tokens are non-fungible, signifying a collection of unique assets.
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