Token Standard

The most prominent token standard in today’s world is the Ethereum Request for Comment or commonly known as ERC. It is the subsidiary of the smart contract standard. For all the blockchains that support the smart contracts, often the token standard is included to let people know how to create, issue as well as deploy the new tokens that are based on their underlying blockchain. Some of the most popularly used token standards include ERC-20, ERC-721, ERC-777 and ERC 1155, to name a few.