ERC-721
By CoinGecko | Updated on Mar 03, 2020
ERC-721 was introduced in 2017 to create a token standard for non-fungible, exchangeable Etherem tokens. Compared to the well known ERC-20 which is fungible, ERC-721 are non-fungible tokens meaning that each and every ERC-721 is unique, and are not equal to one another.
Related Terms
Airdrop
A way to promote cryptocurrencies by sending some free tokens to traders
Shilling
One who poses as a enthsiastic customer to swindle others as a form of covert advestising.
State Channel
Secondary payment channel occuring off-chain
Trustless
Entirely verifiable, without needing to trust or assume an action is done completely and in good faith.
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