Post
Topic
Board Tokens (Altcoins)
Re: [ANN]xCrypt EcoSystem | HYBRID EXCHANGE | DEBIT CARD | SOCIAL MEDIA | AIRDROP
by
Yahookhan
on 03/09/2018, 17:26:52 UTC
Currently XCT Token is a utility token standard ERC20. or it is on ERC-721 ? can you explain the difference of these two, i know that ERC-721 is being using by some CryptoKitties game


ERC-721 offers application developers the ability to create fun, cute games. But, like other uses of blockchain technology, ERC-721 offers an opportunity to find solutions to complex real-world problems- I believe the future is bright for ERC-721 Tokens

One of the touted promises of blockchain technology is the blockchain’s ability to ensure product authenticity. With ERC-721 Tokens, in conjunction with a blockchain, users can help prove non-fungible product authenticity. For example, if an art gallery owner encoded an ERC-721 Token into each gallery painting, the token could track everything from the painting’s original artist to its current owner. As a result, the token would allow artists to easily copyright their works. It would also ensure buyers that they own authentic products. ERC-721 is thus useful to individuals who want to protect their intellectual property and to individuals concerned about product authenticity