What exactly are the multiple token standards?

Crypto Token Development Company will create and manage tokens on blockchain systems, and token standards will specify how they should be created and maintained. Common ones on Ethereum include ERC-1155 for both sorts of tokens, ERC-721 for non-fungible tokens (NFTs), and ERC-20 for fungible tokens. TRC-20 is utilized on the TRON network, whilst BEP-20 is similar on the Binance Smart Chain. The interoperability and functionality of tokens inside their respective ecosystems is assured by these standards. For more details - https://www.clarisco.com/token-development-company Book a free demo - https://www.clarisco.com/contact Skype - live:62781b9208711b89