Question

What is the difference between ERC-20 and ERC-721 tokens?

Answer 1

ERC-20 tokens are fungible tokens, meaning each token is the same as every other token and can be exchanged on a one-to-one basis. They are commonly used for cryptocurrencies and utility tokens. On the other hand, ERC-721 tokens are non-fungible tokens, meaning each token is unique and can have different values. ERC-721 tokens are typically used for collectibles, digital art, and unique assets in the blockchain space.

Answer 2

ERC-20 tokens are fungible tokens, which means each token is identical to every other token of the same type. They are commonly used for cryptocurrencies and utility tokens. On the other hand, ERC-721 tokens are non-fungible tokens, meaning each token is unique and can have different values or attributes. ERC-721 tokens are typically used for collectibles, digital assets, and unique assets on the blockchain.