Blockchain Exam CBDE Topic 1 Question 104 Discussion

Actual exam question for Blockchain's CBDE exam

Question #: 104
Topic #: 1

What is the difference between ERC20 and ERC721 Tokens in simple terms?

AThe tokens of a certain ERC20 symbol are all the same, the tokens of an ERC721 symbol are all different. So, ERC20 tokens are fungible, while ERC721 tokens are non-fungible.

BThe tokens of a certain ERC20 symbol are all different, the tokens of an ERC721 symbol are all the same. So, ERC20 tokens are non-fungible while ERC721 tokens are fungible.

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Suggested Answer: A

by Dianne at Nov 15, 2024, 08:02 AM

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Nobuko

17 hours ago

Option A is the correct answer. ERC20 tokens are fungible, meaning they are all the same, while ERC721 tokens are non-fungible, meaning each token is unique.

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