What is the difference between an ERC-20 and an ERC-721? Is this a question you have asked yourself recently? If so, don’t worry. It can seem a bit confusing at first trying to understand all these different standards. While NEO has their own standard: NEP (NEO Enhancement Proposal), Ethereum has their own ERC (Ethereum Request for Comment) standards. In this video I have picked six of the most popular ERC standards to explain in simple terms.

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0:39 What is an ERC? How does it become a standard? What are its use cases?
2:03 ERC-20
4:43 ERC-721
6:54 ERC-1155
8:40 ERC-223
10:34 ERC-827
12:26 ERC-621

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DISCLAIMER: I am not a financial advisor. This is not financial advice. This is just my opinion. Always do your own research before investing. I am not responsible for your trades…

Sources:
ERC Standard To Move Ethereum Forward:https://medium.com/wepower/erc-standards-to-move-ethereum-forward-erc-20-erc-223-erc-721-e1712456449d
The Ethereum Token Standards You Need To Know: https://medium.freecodecamp.org/lets-talk-about-the-ethereum-token-standards-you-need-to-know-8af9fcb7e54b
Open Zeppelin: https://github.com/OpenZeppelin
ERC Token Standards For Dummies, Like Me: https://medium.com/techracers/erc-token-standards-for-dummies-like-me-b6b8ace0f303
EIP Github: https://github.com/ethereum/EIPs
ERC-1155: The Crypto Item Standard: https://blog.enjincoin.io/erc-1155-the-crypto-item-standard-ac9cf1c5a226

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