Chris Lumpkin Feb 04 2019.

Which ethereum token standard provides non-fungible feature. Currently common NFTs are based on the ERC721 standard developed for the Ethereum blockchain for non-fungible tokens ERC stands for Ethereum Request for Comments. They give developers the guarantee that assets will behave in a specific way and describe exactly how to interact with the basic functionality of the assets. The original ERC-721 standard was designed solely to support NFTs.

On the other hand ERC777 has some security concerns as mentioned above. But this rendered ERC223 tokens non-compliant with the ERC20 standards. This post explains really well this standard and it.

This feature allows for the tokenization of conventional real-world individual assets such as real estate artwork valuable historical items etc. ERC-721 is a token standard that defines non-fungible tokens NFTs on the Ethereum blockchain. Fungibility is a characteristic of a good or commodity whose individual units are identical and interchangeable.

ERC-721 provides core methods that allow tracking the owner of a. They also rely on central contract registry which is a security concern as well. Some of those are non-fungible tokens.

ERC777 is a new fungible token standard that relies on. Initially the Ethereum developers proposed the ERC-721 token standard and later the new ERC-1155. This token standard is already usable.

The main aspect of the ERC-721 standard in comparison to other ERC standards is the ability to develop non-fungible tokens NFTs which means that the tokens can hold different values when they are exchanged within the same ecosystem. NFTs are generally the tokenized representations of digital as well as real-world assets. ERC-721 is an inheritable Solidity smart contract standard meaning that developers can create new ERC-721-compliant contracts by importing it from the OpenZeppelin library.