Token Standard

  • Type

Token standard is a set of rules and conventions for governing how a crypto token works. It tells people how to create, issue as well as deploy new tokens which are based on their underlying blockchain.

Token standards are often included in the blockchain that supports the smart contracts. The token standard is the subsidiary of the smart contract standard.

These standards ensure that tokens on a blockchain are interoperable and can be easily exchanged with other tokens that comply with the same standard.


Name

Token Standard

Description

Token standards are specifications or protocols that define how tokens are created, managed, and transferred on a particular blockchain platform.

Types

Referenced by