Exploring The Ethereum token standard that will benefits your business

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Top- Most Ethereum (ERC) Token Standards

Ethereum token is a decentralized blockchain network powered by the Ethereum token that enables users to make transaction, earn interest on their holdings through staking. Here you can make your own ethereum with various standards like ERC20,ERC721,ERC223 & more.

  • ERC20 Token Development : These tokens are fungible and best suited for ICOs. Here you can create ERC-20 Token by using ERC-20 standards.These tokens constitute a single entity & can be interchanged with other token

 

  • ERC721 Token Development : It is the first token standard developed to support Non-fungible digital assets. The main feature of this token is absolute Non- interchangeable, which is unique & you can’t interchange with others.

 

  • ERC223 Token Development : ERC-223 is an Ethereum token standard that is powered by smart contracts that enable users to securely transfer tokens to a digital wallet. ERC-223 is a proposed improvement to the ERC-20 standard. It aims to address certain drawbacks of ERC-20 like the issue of lost tokens due to incorrect transfers.

  • ERC777 Token Development : It is a fungible token standard and can be customized based on the requirements. The ERC-777 tokenization standard refers to Ethereum’s blockchain protocol that specifies the type of tokens compatible with ETH. 

 

Now you’ve got knowledge about how to create Ethereum token with various token standards. If you planned to create your own Ethereum token, get experts from the outsatnding Ethereum token development company like Developcoins.