ERC-721
By CoinGecko | Updated on Mar 03, 2020
ERC-721 was introduced in 2017 to create a token standard for non-fungible, exchangeable Etherem tokens. Compared to the well known ERC-20 which is fungible, ERC-721 are non-fungible tokens meaning that each and every ERC-721 is unique, and are not equal to one another.
Related Terms
Mining Pool
Combination of resources of several miners to obtain a higher mining power and thus achieve greater rewards for the opening of blocks.
Seed
A value used to initiate generation of pseudorandom number, ususally a string of 12 commen English words.
Securities and Exchange Commission (SEC)
U.S. Securities and Exchange Commission, an independant agency of the US Federal government which oversees federal securities laws, proposing securities rules, and regulating the securities industry.
Blockchain
In Bitcoin's case, blockchain describes its decentralized, public ledger which contains transactional information.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.