Ethereum Token is the product of Ethereum Blockchain represents the asset value that is applicable for all kinds of blockchain-related applications such as ICO, STO, smart contract, etc
Now many business people adopt ethereum blockchain technology for their business. The Purpose and scope of Ethereum tokens varies with their ERC Standards.
Some ERC Token Standards are
- ERC 20
- ERC 721
- ERC 223
- ERC 82
- ERC 621
ERC 20 is a flexible and highly preferrable Token standard. Many blockchain applications initially use this token because of its flexibility and adaptability that might be the reason for the massive reach of ethereum tokens.
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