Token Development and Standards
ERC-20 Standard
Ethereum-based tokens often adhere to the ERC-20 standard, ensuring seamless integration with Ethereum wallets, exchanges, and DApps. ERC-20 tokens are fungible, meaning they can beexchanged on a one-to-one basis.
ERC-721 Standard
ERC-721 tokens are used for NFTs, representing unique assets. Each ERC-721 token has a distinct value and specific attributes, making them ideal for digital art, gaming assets, and other collectibles.
Smart Contract Security
Developers must adhere to best practices and conduct thorough audits to ensure the security of smart contracts. Vulnerabilities can be costly, leading to potential exploitation by malicious actors.
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