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What are the differences between ERC-20 and ERc-21 tokens on Ethereum?
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The key differences between ERC-20 and ERC-721 tokens on Ethereum lie in their fungibility and use cases. ERC-20 tokens are fungible, meaning each token is identical to another and can be exchanged on a one-to-one basis. This makes them suitable for use as currencies, utility tokens, or any application where uniform value is needed.
In contrast, ERC-721 tokens are non-fungible, meaning each token is unique and cannot be exchanged on an equal basis with another token. This uniqueness makes ERC-721 ideal for representing individual assets like digital collectibles, art, or real estate, commonly known as NFTs (Non-Fungible Tokens).
While both tokens are built on the Ethereum blockchain, ERC-20 is used for scenarios requiring identical, interchangeable assets, whereas ERC-721 is used for applications where each asset must be distinct and unique. visit:https://www.bsetec.com/blog/ethereum-token-standards/
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What are the differences between ERC-20 and ERc-21 tokens on Ethereum? - Desktop Nexus TechnologyDownload free wallpapers and background images: What are the differences between ERC-20 and ERc-21 tokens on Ethereum?. Desktop Nexus Technology background ID 2748879. The key differences between ERC-20 and ERC-721 tokens on Ethereum lie in their fungibility and use cases. ERC-20 tokens are fungible, meaning each token is identical to another and can be exchanged on a one-to-one basis. This makes them suitable for use as currencies, utility tokens, or any application where uniform value is needed.
In contrast, ERC-721 tokens are non-fungible, meaning each token is unique and cannot be exchanged on an equal basis with another token. This uniqueness makes ERC-721 ideal for representing individual assets like digital collectibles, art, or real estate, commonly known as NFTs (Non-Fungible Tokens).
While both tokens are built on the Ethereum blockchain, ERC-20 is used for scenarios requiring identical, interchangeable assets, whereas ERC-721 is used for applications where each asset must be distinct and unique. visit:https://www.bsetec.com/blog/ethereum-token-standards/4.1
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Uploaded By: finnalan
Date Uploaded: August 16, 2024
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Category: AMD
Wallpaper ID: 2748879 
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What are the differences between ERC-20 and ERc-21 tokens on Ethereum?
Wallpaper Statistics
Total Downloads: 1
Times Favorited: 0
Uploaded By: 
Date Uploaded: August 16, 2024
Filename: Untitled-design--6-.jpg
Original Resolution: 1024x768
File Size: 448.56 KB
Category: 
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