Token Standards

Token standards are predefined sets of rules and protocols that ensure tokens function consistently within a blockchain ecosystem. They guarantee interoperability, making it easier for tokens to interact with wallets, exchanges, and other smart contracts. On platforms like Ethereum, popular token standards include ERC-20 for fungible tokens and ERC-721 for non-fungible tokens (NFTs). These standards ensure that all tokens created under them behave in predictable ways, enhancing security and usability. By adhering to these standards, developers can create tokens that seamlessly integrate into existing blockchain platforms, promoting innovation and facilitating the exchange of digital assets across various applications and services.