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erc-777

ERC-777 is a token standard based on the Ethereum platform, which introduces a number of enhancements compared to the popular ERC-20 standard. This standard was developed in response to certain limitations faced by creators and users of tokens based on ERC-20.

What is ERC-777?

ERC-777 introduces several significant changes aimed at making tokens more flexible and functional. The main difference compared to the ERC-20 standard is the ability to use so-called “operators,” allowing for more complex transactions. Additionally, the ERC-777 standard integrates token sending functionality, making the process more intuitive for users.

Advantages of ERC-777

One of the key advantages of ERC-777 is the ability to assign operators, enabling transactions to be performed on behalf of other users. This simplifies token management and opens the door to more advanced features. Furthermore, with the token sending feature, users can more easily use their resources without needing to have ETH in their wallets to pay for transactions.

Application of ERC-777

The ERC-777 standard is applied in many Ethereum-based projects that value greater flexibility and functionality of tokens. With the ability to assign operators and the token sending function, project creators can adapt the standard to their individual needs and create more advanced solutions.

Summary

ERC-777 is an innovative token standard that brings many improvements to the ecosystem of crypto assets based on Ethereum. With greater flexibility and functionality, this standard represents a step forward in the development of tokens on the blockchain. Its application in an increasing number of projects demonstrates the growing importance and popularity of ERC-777 in the cryptocurrency community.

It is worthwhile to be aware of the possibilities that this standard brings and to follow the development of projects based on ERC-777 to stay up-to-date with the latest trends in the world of crypto assets.


20 December 2024 | 15:02

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