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and supports smart contracts. Binance Smart Chain is considered a parallel blockchain, creating a dual-chain system by bringing programmability to Binance Chain. • An ERC20 token is a standard used for creating and issuing smart contracts on the Ethereum blockchain. Smart contracts can then be used to create a smart property or tokenized assets that people can invest in. ERC stands for "Ethereum request for comment," and the ERC20 standard was implemented in 2015. • ERC-721 is a free, open standard that describes how to build non- fungible or unique tokens on the Ethereum blockchain. While most tokens are fungible (every token is the same as every other token), ERC- 721 tokens are all unique. Think of them like rare, one-of-a-kind collectables. • ERC-1155 is the first and only Ethereum token standard that allows users to mint both fungible (identical) and non-fungible (unique) assets in a single smart contract—enabling the creation of every type of asset, from digital currency to tokenized real estate up to gaming items and digital art. 3.3.2 Smart contracts • Smart contracts are self-executing contracts with the terms of the contract between buyer and seller directly written into lines of code. They run on the blockchain, so they are stored on a public database and cannot be changed. The transactions that happen in a smart contract are processed by the blockchain, which means they can be sent automatically without a third party. • We use smart contracts for the minting and listing NFTs, issuance of Fan Tokens for the clubs and operate with DeFi.PDF Image | Blocksport NFT Platform Whitepaper
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NFT (Non Fungible Token): Buy our tech, design, development or system NFT and become part of our tech NFT network... More Info
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