Are you new to the cryptocurrency world and feeling a bit lost? Don't worry, you are not alone. The cryptocurrency space can be daunting for newcomers, with its many terms, abbreviations and definitions that can be difficult to understand.
ATAIX crypto glossary will help make sense of some of the most common cryptocurrency terms and definitions. Armed with this information, you'll be ready to start participating in this exciting and innovative new economy!
ERC-777 is a proposed standard for a new token type on the Ethereum blockchain. Unlike existing ERC-20 tokens, ERC-777 tokens can be sent to multiple addresses in a single transaction, and they can be "revoked" if necessary. This makes them more flexible and user-friendly than existing ERC-20 tokens.
In addition, ERC-777 tokens can be customized to include additional features, such as the ability to send certain types of transactions only to whitelisted addresses. This makes them more versatile and secure than existing ERC-20 tokens.
Overall, ERC-777 tokens represent a major improvement over existing ERC-20 tokens, and they are expected to become widely used in the Ethereum ecosystem.