ERC777 IS HERE: BEYOND ERC20!If you have experience with wallets and all this technology, then, you are ready to learn what the difference between the traditional
ERC20 tokens and the new
ERC777 tokens is, and what advantages the new standard brings.
Before comparing or contrasting the two standards, in order to offer complete educational information, it is convenient to first explain what a standard is within the Ethereum Network. By reading the title, we can guess that
ERC20 is an old standard and that
ERC777 is a brand new standard, hopefully a revolutionary one.
Nevertheless,
what is exactly a STANDARD in these cases? Lets establish a simple and clear definition that is useful for many cases: a standard is a community agreement on a defined set of very specific functions for a type of computer program that is implemented on the Blockchain... ...
Taken from article posted in journal Global Crypto News:
NEW ETHEREUM TOKEN STANDARD ERC777 IS HERE: BEYOND ERC20!