Uncover the information you need on the ethereum token types you need to know about.
With the Ethereum blockchain, a smart contract can have a trusted source while still being decentralized.
For ICO business setup and STO business setup, you ought to know various types of tokens.
For more Ethereum Token Development discussion on WhatsApp - https://api.whatsapp.com/send?phone=918778823602
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
To Understand Ethereum Token Types & Standards
1. ERC TOKENS TYPES
Used in most of the ICOs
Fungible token standard
Allows the implementation of standard API within
a smart contract.
ERC20 token standard
M O S T P O P U L A R T O K E N S T A N D A R D
Covers how interfaces are identified.
States how any contract can publish the interfaces after the
implementation.
States how to detect when a contract implements ERC-165.
Covers the way to detect when a smart contract uses any
given interface.
ERC 165 token standard
A S T A N D A R D F O R A M E T H O D , I N S T E A D O F T O K E N S
Developers can either accept or decline tokens arriving at
their smart contract addresses
Rejected transactions will fail but won't burn the tokens.
Not in use, still in EIP phases.
ERC 223 token standard
P R E V E N T S A C C I D E N T A L B U R N S O F T O K E N S ,
A B U G I N E R C 2 0
Uses two functions - 'increaseSupply' and
'decreaseSupply'
Can increase or decrease the token supply.
Not in use, still in EIP phase.
ERC 621 token standard
A N E X T E N S I O N T O E R C 2 0 S T A N D A R D
Allows the implementation of standard API for NFTs within a
Smart contract.
Offers functionality to transfer and tract NFTs.
ERC 721 token standard
A S T A N D A R D F O R N O N - F U N G I B L E T O K E N S
CONGRATULATIONS! TIME FOR COLLEGE.
Alwin Technologies
2. ERC TOKENS TYPES
Not in use, still in EIP phases
Get rid of the double transaction verification of ERC20
Lowers transaction overhead
Allows users to reject incoming tokens from a blacklisted
address.
ERC 777 token standard
R E D U C E S F R I C T I O N I N C R Y P T O T R A N S A C T I O N S
Wallets & exchanges can reuse tokesns.
Token holders can transfer token while also approving a 3rd
party to spend it.
Not in use, still in EIP phase
ERC 827 token standard
A N E X T E N S I O N O F E R C 2 0
Identify verification and mandatory whitelisting of token
holders.
Only whole value of tokens
Recording of information regulators mandate.
Not in use, still in EIP phase.
ERC 884 token standard
A L L O W S C O M P A N I E S T O U S E B L O C K C H A I N T O
M A I N T A I N S H A R E R E G I S T R I E S .
CONGRATULATIONS! TIME FOR COLLEGE.
AlwinTechnologies
ERC 1450 token standard
A L L O W S C O M P A N I E S T O U S E B L O C K C H A I N T O
M A I N T A I N S H A R E R E G I S T R I E S .
Introducing a New Standard for Digital Stock
Certificates.
ERC-1450 only uses the Ethereum blockchain to display
digitized securities after transactions have been
completed.
This allows the tokenized securities to transact at very
high speed while recording the tokenized securities at
slower speeds without compromising the transactions.
3. Alwintechnologies
has some great services and
technologies to develop Ethereum
tokens with various standard as per
business needs.
EMAIL ID : INFO@ALWIN.IO
CALL TO : 0044 (0) 2081918419