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Token Standards

Token standards are critical in blockchain ecosystems, providing a set of rules and guidelines for token implementation. They ensure interoperability and consistency across different applications and platforms. The main standards include:

  • ERC-20: The most common standard for fungible tokens, allowing for the creation of interchangeable tokens with uniform properties. It's widely used for ICOs and as a basis for other tokens.

  • ERC-721: A standard for non-fungible tokens (NFTs), enabling the creation of unique tokens. Each token has distinct characteristics, ideal for collectibles and digital uniqueness.

  • ERC-1155: A multi-token standard allowing a single contract to manage multiple token types, both fungible and non-fungible. It's efficient for batch transfers and managing complex token ecosystems.

  • CIP-1820: Specific to Conflux, this standard focuses on interface detection, making it easier to identify and interact with contracts that follow specific interfaces.

These standards are integral for developers to create tokens that are compatible and functional within the broader blockchain environment.

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