Introduction Diving into the digital world can be exciting yet daunting, with concepts like cryptocurrencies, blockchain, and smart contracts being thrown around. Among these, one term stands out as a cornerstone of this digital revolution: Ethereum. But what is Ethereum exactly? It’s a word that has been buzzing around in the tech world, shaking traditional…
Introduction The emergence of blockchain technology has unlocked new possibilities across various sectors, including finance, healthcare, and logistics. However, one of the most intriguing advancements has been in the field of digital shareholding. As the world grows increasingly digitized, the concept of physical share certificates has started to become obsolete. This is where the Ethereum…
Introduction Blockchain technology has revolutionized numerous industries, opening doors to innovative solutions and systems that didn’t seem possible a few decades ago. One such advancement is the emergence of token standards on the Ethereum platform, like ERC-20, ERC-721, and more recently, ERC-721A. These standards have set the rules for how tokens can be created, transferred,…
Introduction Ethereum, renowned for being more than just a digital currency, has etched its name in the annals of technology as a foundational platform for decentralized applications. Its innovative framework is rooted in the blockchain’s ability to host and execute smart contracts. These are autonomous agreements that are triggered when their predefined conditions are met.…
Introduction ERC-721, a type of token standard on the Ethereum blockchain, is instrumental in the recent wave of interest in Non-Fungible Tokens (NFTs). Unlike its predecessor, the ERC-20 standard, which created tokens of equal value, ERC-721 is a protocol for creating unique tokens. These unique tokens are called Non-Fungible Tokens, or NFTs. To break it…
Introduction Cryptocurrencies and blockchain technology have revolutionized the way we think about digital assets. In the world of decentralized finance (DeFi), the use of smart contracts and token standards is paramount. Among the various token standards, ERC1155 and ERC721 are widely recognized and utilized. Understanding the difference between these two standards is crucial for anyone…
