ERC-20, ERC-721, fungible, non fungible, wrapped, bridged, or native; we're about to explain all these token types in friendly terms. Let's see more!
A “token” is usually defined as an internal or secondary asset in a network that has another native currency. An individual, company, or organization, or Autonomous Agent or smart contract creates them on top of an already-existing ledger, for several purposes. So, they need to respect the internal rules of that ledger. For instance, the popular stablecoin Tether is a token that doesn’t have its own platform but works on several chains as a token —including Ethereum and TRON.
Maybe you’ve heard about ? Well, that only applies to Ethereum, but we can say that Tether is an ERC-20 token inside this platform. On TRON, it’s a TRC-20 token, but the difference isn’t that much for the final user —except for transaction fees, often higher in Ethereum. ERC-20 tokens What do these different token types do, anyway? Tokens -20, -721, and more numbers “ERC” stands for Ethereum Request for Comment, a protocol or system used by developers to propose improvements on that network.
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