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ERC20, an official protocol to propose improvements to the network that is a standard token created on the Ethereum blockchain. It is a traditional finance analogy that would be IPO’s were companies can simply undergo stock exchanges and sell stocks to raise funds of their company. It becomes simple with the ERC20 to exchange one ERC20 toke for another and integration of ERC20 tokens into blockchain wallets and exchanges platform.
ERC-721 is a more sophisticated token and it is “non-fungible” while in comparison with others. The ERC-20 are money as the token type for things whereas ERC-721 as the collectibles token type that is equivalent of Ethereum baseball cards. Besides, each token in the ERC721 is absolutely unique and non interchangeable with other tokens.
ERC 777 token, a projected standard for the issuance and security management tokens on the Ethereum blockchain. Security tokens are value of blockchain based representation that are subject to security regulation. This value representation comprise of traditional assets like equity securities and debt securities as stocks and bonds as well as derivatives like futures, forwards, options and swaps.
ERC223 tokens are congenial with ERC20 tokens. It implies that ERC223 undergoes every functionality of ERC20 as well as the contracts working with ERC20 tokens fit well to work with ERC223 tokens. There exists two prime functionalities in ERc 223, as it eliminates the problem of lost and let the developer to to handle incoming token transactions.
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