what are the popular ethereum token standards ?



One of the famous cryptocurrency and as well as blockchain network is "Ethereum". When it comes to token development, Ethereum plays a vital role. For the process of launching your own ICO, building your own dapps tokens be an important and unavoidable aspect.

ERC 20 standard is a specific set of functions that every developer must use while creating their tokens to make them completely under ERC 20 Compliant.ERC20 tokens and ERC Standard has widespread approval and most of the Dapps have token creations based on the ERC20 standard.
There are also many other ethereum token standards like ERC20 such as ERC 621, ERC 721, ERC 223, ERC 777 and so on.

ERC 20

ERC 20 comprises the list of rules and regulations for creating tokens and smart contracts on ethereum blockchains. This token standard defines how the tokens get transferred between various addresses and also how data is accessed within each token.

ERC 721

ERC 721 is more advanced token standard which is "non-fungible". ERC 721 is a collectible token whereas ERC 20 is a token that involves money as things. In the ERC 721, each and every token is completely non-interchangeable and unique of their own.

ERC 223

ERC 223 is an ethereum token standard proposed with the main intention of preventing the token losses while transferring tokens. Here, in ERC 223 each transaction ie., each token transfer is handled as an event as like ether transactions. ERC223 has an interface that is not compatible with ERC20.

ERC 777

ERC 777 is a new and advanced token standard proposed to eliminate the send-tokens-to-contract bugs present in ERC 20 standard. This is based on ERC 820  and focuses on better handling of transactions and adoptions.

Bitdeal - The Pre-eminent Ethereum Token Development Company, offers the best ethereum token development services on ERC standards such as  ERC 20, ERC 721, ERC 223,  ERC 82, ERC 621 and so on. As a token development company, we develop tokens on any networks on the specified token standards with 100 % customer satisfaction.

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