Most blockchain entrepreneurial teams develop their own projects on the Ethereum and issue their own tokens using the Ethereum network. The standard of token issuance needs to conform to ERC token standard. This article will help you sort out the various token standards of Ethereum.

What is the ERC token standard?

The blockchain project token built on the Ethernet needs to meet the following token standards: ERC-20, ERC-223, ERC-62 1, ERC-72 1, ERC-827. Among them, ERC is the abbreviation of Ethereum request for comments, which is literally translated as Ethereum request for comments, and is itself a network instruction containing structured information. ERC standard is a rule defined by the Ethereum community, which allows users to interact with the Ethereum network. However, this standard itself is not immutable. Community developers can put forward their own new standards, but this standard needs to be accepted by the whole Ethereum community before it can be applied to the Ethereum network.