# \[Personal Blog\] The 5 Most Popular Token Standards in Blockchain

**URL:** <https://gov.near.org/t/personal-blog-the-5-most-popular-token-standards-in-blockchain/35447>\
**Category:** Uncategorized\
**Tags:** community\
**Created:** [July 20, 2023, 6:56am UTC](https://gov.near.org/t/personal-blog-the-5-most-popular-token-standards-in-blockchain/35447 "2023-07-20T06:56:59Z")\
**Posts on this page:** 1\
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**Author:** ![Antonythreecores](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.near.org/antonythreecores/32/47821_2.png) [@Antonythreecores](https://gov.near.org/u/Antonythreecores)\
**Post date:** [July 20, 2023, 6:56am UTC](https://gov.near.org/t/personal-blog-the-5-most-popular-token-standards-in-blockchain/35447/1 "2023-07-20T06:56:59Z")

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What are they?

Token standards are a set of rules and conventions that govern how a crypto token works. They define the basic properties of a token, such as its name, symbol, total supply, and how it can be transferred. Token standards also specify the functions that a token can perform, such as whether it can be used to represent ownership of an asset, to vote on decisions, or to access a particular service.

The first ERC was published in 2015, and there are now over 200 ERCs in existence. According to Ethereum some of the most popular ERCs include:

- **ERC-20** is a standard for fungible tokens, which means that each token is identical to the next. This makes them ideal for representing things like currency, voting tokens, or staking tokens.
- **ERC-721** is a standard for non-fungible tokens, which means that each token is unique. This makes them ideal for representing things like artwork, collectibles, or in-game items.
- **ERC-777** is a standard that builds on ERC-20, adding features like receive hooks and better handling of decimals. This makes it more flexible and secure for developers to use.
- **ERC-1155** is a newer standard that combines the features of ERC-20 and ERC-721. This makes it possible to create tokens that are both fungible and non-fungible, which can be useful for things like gaming or supply chain management.
- **ERC-4626** is a standard for tokenized vaults. These are smart contracts that allow users to deposit tokens and earn interest. ERC-4626 aims to make tokenized vaults more efficient and secure.

If you want to go in-depth on what can these ERC standards do? You should check out my article at EatnSmile Blog