Certified Blockchain Developer - Ethereum (CBDE)

What is the key distinction between ERC-20 and ERC-721 tokens?

ERC-721 tokens are non-fungible and each has a unique ID ERC-721 tokens have higher decimal precision ERC-20 tokens represent ownership of NFTs ERC-721 allows batch transfers by default

Correct Answer:

ERC-721 tokens are non-fungible and each has a unique ID

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