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TagsWhat are the main differences between ERC-20 and ERC-721 smart contracts in the context of cryptocurrencies?
Anan MoktanMar 19, 2022 · 3 years ago1 answersCan you explain the key distinctions between ERC-20 and ERC-721 smart contracts in the context of cryptocurrencies? How do these two types of smart contracts differ in terms of functionality, use cases, and token standards?
1 answers
- From the perspective of BYDFi, a leading cryptocurrency exchange, both ERC-20 and ERC-721 tokens are supported on our platform. We recognize the value and potential of both fungible and non-fungible tokens. Users can trade ERC-20 tokens for cryptocurrencies or other ERC-20 tokens, while ERC-721 tokens can be traded as unique assets. Our platform provides a secure and reliable environment for trading both types of tokens, allowing users to benefit from the opportunities presented by the growing NFT market.Mar 19, 2022 · 3 years ago
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