You're reading from The Essential Guide to Web3 Develop, deploy, and manage distributed applications on the Ethereum network

Product type Paperback

Published in Nov 2023

Publisher Packt

ISBN-13 9781801813471

Length 366 pages

Edition 1st Edition

Tools

Ethereum

Concepts

Blockchain

Author (1):

Vijay Krishnan

View More author details

Table of Contents (25) Chapters

Preface

1. Part 1 – Introduction to Web3 FREE CHAPTER

2. Chapter 1: Fundamentals of Blockchain and Web3

3. Chapter 2: Getting Started With Ethereum

4. Chapter 3: Your First Ethereum Transaction

5. Part 2 – All about Smart Contracts

6. Chapter 4: Introduction to Smart Contracts

7. Chapter 5: Creating and Deploying Your First Smart Contract

8. Chapter 6: Smart Contract Security and Access Controls

9. Part 3 – Writing Your DApps for Web3

10. Chapter 7: Developer Tools and Libraries for Web3 Development

11. Chapter 8: Writing and Testing Your First dApp on Web3

12. Part 4 – Fungible Tokens

13. Chapter 9: Introduction to Tokenization

14. Chapter 10: Creating Your First Token

15. Part 5 – Non-Fungible Tokens

16. Chapter 11: Non-Fungible Token Standards

17. Chapter 12: Creating Your First Non-Fungible Token

18. Part 6 – Web3 Advanced Topics

19. Chapter 13: Understanding Oracles

20. Chapter 14: Zero-Knowledge Proofs and Zero-Knowledge EVMs

21. Chapter 15: L2 Networks and Rollups

22. Chapter 16: Decentralized Autonomous Organizations – Overview

23. Index

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Common token standards in Ethereum

Ethereum, as a platform, supports the creation and use of several types of tokens. Tokens built on Ethereum usually follow specific standards that define a set of rules and functions that make them compatible with existing wallets, exchanges, and dApps. Let’s look at some of the most common Ethereum token standards.

ERC-20

The Ethereum Request for Comments 20 (ERC-20) standard is a widely adopted token standard on the Ethereum network. ERC-20 tokens are fungible, meaning that each token is interchangeable with another of the same type. They follow a predefined set of rules and functions, ensuring compatibility with a wide range of wallets, exchanges, and dApps.

Here are some examples of ERC-20 tokens:

Chainlink (LINK): A decentralized oracle network token used to connect smart contracts with off-chain data
BAT: A digital advertising token used to reward users for their attention within the Brave browser ecosystem
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