Blockchain fundamentals

Token-standard boundaries

A standard specifies interfaces, not value or honest administration.

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In this article

A standard specifies interfaces, not value or honest administration.

Wallet compatibility is not issuer verification.

Inspect implementation and authorities beyond the symbol.

history

Compound's distribution helped popularise an incentive model that made activity and sustainable demand harder to separate.

security

A cleanup transaction can recover account funding, but its destination is still part of the signed request.

scams

A token name, NFT description or tiny transfer contains a malicious URL.

security

An approval for a collection contract is broader than permission for the item pictured on a page.