Token Standard
| A token standard is a subset of the smart contract standard that is frequently included to explain how to generate, issue, and deploy new tokens. Token standards are important because they provide a way for different tokens to interoperate with each other. Without token standards, it would be very difficult for different tokens to work together. Token standards also provide a way for developers to create new tokens that are compatible with existing tokens. Token standards are important for the development of the token economy. |
Share this glosssary
