ERC721 VS ERC1155 Token- An Ultimate Comparison Guide of Ethereum NFT Standards
Every crypto enthusiast might know about the powerful blockchain - Ethereum. It is one of the best open-source blockchain platforms for developing crypto tokens, smart contracts, and decentralized applications. Ethereum’s smart contracts revolutionized the world of cryptocurrencies and this platform currently aims to standardize the industry. Mostly every blockchain enthusiast might have heard about the popular ERC20 tokens, which are basically crypto tokens developed on top of the Ethereum blockchain platform. Currently, there are plenty of Ethereum Request for Comments(ERC) standards out there. When a developer uses token standard, then developers want to define a set of rules for all kinds of things built on the Ethereum platform and one of them is non-fungible tokens (NFTs).
How to Initiate an ICO crowd sale on Ethereum network?
In recent years, many crypto and blockchain projects were showing their presence in the marketplace. Among them, ICO crowd sale projects are the most popular among crypto startups and entrepreneurs. ICO is the abbreviation of Initial Coin Offerings which is the most pioneering confluence of modern technology like the blockchain network and the traditional world of crowdsourcing investments similar to a stock market. In a short time, finances for further development were raised all over the world. For example, Ethereum-based ICO projects raised more than $108 million in investments for the development of a decentralized application. This is one of the great examples of successful ICO implementation.
How to Get Started With Binance Smart Chain For BEP20 Token Creation?
Blockchain technology has changed the digital world into the decentralized one. we can see a great hype for Defi platforms since 2020 and a lot of new crypto & blockchain-related projects have flooded the Ethereum blockchain network. So there is a hike in Ethereum gas fees. People paid a $10 gas fee for a $100 transaction. Therefore, everyone started to initiate their crypto projects to various gas-efficient platforms and among those platforms, Binance Smart Chain (BSC) is one of the trending blockchain platforms in the blockchain space.