ERC-20 vs ERC-721
Quick comparison to help you distinguish these two crypto terms.
ERC-20
intermediate
technical_analysis
A technical standard for fungible tokens on the Ethereum blockchain that defines a common set of rules enabling tokens to interact predictably across wallets, exchanges, and decentralized applications, making ERC-20 the dominant token standard in cryptocurrency.
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intermediate
technical_analysis
A technical standard for non-fungible tokens (NFTs) on Ethereum that enables unique, individually distinguishable digital assets where each token possesses distinct characteristics and cannot be exchanged on a one-to-one basis like fungible currencies.
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