Buy Биткоин BTC
Bitcoin (BTC)
Buy Эфир ETH
Ethereum (ETH)
Buy BNB
BNB (BNB)
Buy Ripple XRP
Ripple (XRP)
Buy Tron TRX
Tron (TRX)
Buy Polygon Matik
Polygon (MATIC)
Buy Solana SOL
Solana (SOL)
Buy Dogecoin DOGE
Dogecoin (DOGE)
Buy Avalanche AVAX
Avalanche (AVAX)
Buy Cardano ADA
Cardano (ADA)
Buy Polkadot DOT
Polkadot (DOT)
Buy Syscoin SYS
Syscoin (SYS)

What is ERC-777 Tokenization Standard?

Crypto Terms Glossary: What is ERC-777 Tokenization Standard?

Similar to ERC-20, ERC-777 is a tokenization standard for fungible tokens, and is designed to enable more complex interactions for token trading. It helps remove confusion around decimals, minting, and burning — and it employs a distinctly powerful feature known as a hook. A hook is a function in an informatic computer-based contract that is initiated when tokens are sent to it, and which simplifies how accounts and contracts interact while receiving tokens. Furthermore, because of this fact, ERC-777 tokens are much less likely to get 'stuck' in a contract (which has historically been an issue with ERC-20 tokens).

Share this news and win 10 USDT with daily contest on CryptoFingers Telegram.
Make crypto bots for trading
Press Releases: Happening Right Now - Marginly is Bootstrapping Liquidity
Marginly, the leverage-as-a-service protocol that enables one-click leverage on yield-bearing assets, kicked off its Liquidity Bootstrap Event on May 15. The protocol is rewarding..
Altcoins: The founder of Telegram commented on the launch of the Notcoin token
Pavel Durov, the creator of the Telegram messaging platform, shared his thoughts on the introduction of the Notcoin (NOT) cryptocurrency. He emphasized that the initiative has attracted more..
Regulation: The French regulator announced a possible blocking of the Bybit platform
The French financial markets regulator (AMF) has issued a warning to investors about the possible restriction of access to the Bybit platform's website. It also noted that..
Mining: During the last three years, El Salvador mined 473.5 BTC using geothermal energy
Since 2021, El Salvador has mined 473.5 BTC (equivalent to $29.3 million) through the use of geothermal energy. Such information was released by Reuters, referring to the state structure..