Noobs Guide to Understanding ERC-20 vs ERC-721 Tokens

Confused by tokens? Don’t be. Here’s a handy-dandy guide. The goal here is to de-mystify blockchain tokens and stem some of the foolishness in the market.

How are tokens defined?

Before we go deeper, let’s be clear what tokens are on Ethereum. A custom token of any type in Ethereum is just part of a token “contract”.