Cryptocurrency Q&A
What is the difference between ERC20 and ERC 21?
What is the difference between ERC20 and ERC 21?
Caterina
Mon May 13 2024
|
6 answers
1092
I'm curious about the differences between ERC20 and ERC-21 tokens. Could you elaborate on the key distinctions between these two standards in the realm of cryptocurrency? I understand that ERC20 is a widely used token standard on the Ethereum blockchain, but I'm not quite familiar with ERC-21. Could you please explain what ERC-21 is and how it differs from ERC20? It would be helpful if you could highlight the unique features and potential use cases of ERC-21, as compared to ERC20, to give me a clearer understanding of their differences.
6 answers
Dario
Wed May 15 2024
In contrast, ERC721 tokens are non-fungible, signifying a collection of unique assets.
Was this helpful?
330
64
CryptoAlchemyMaster
Wed May 15 2024
ERC20 and ERC721 tokens differ primarily in their fungibility aspect.
Was this helpful?
109
79
BlockchainLegend
Wed May 15 2024
ERC20 tokens are fungible, meaning they are interchangeable and represent a uniform asset.
Was this helpful?
74
70
charlotte_anderson_explorer
Tue May 14 2024
Another notable distinction is that ERC721 tokens cannot be fragmented into smaller units.
Was this helpful?
202
33
KpopStarlight
Tue May 14 2024
This uniqueness gives ERC721 tokens unique identities and values, making them suitable for representing collectibles, game assets, and other unique items.
Was this helpful?
318
78
Load 5 more related questions
