What is ERC-777?
The Ethereum network has introduced the ERC-777 token standard for fungible tokens, which is completely interoperable with current decentralized exchanges. Simply said, the Ethereum blockchain protocol’s ERC-777 tokenization standard relates to the kind of tokens compatible with ETH.
A hook mechanism that simplifies how accounts and contracts communicate while receiving tokens is activated when tokens are sent to a computer-based analytical contract. Furthermore, compared to ERC-20 tokens, ERC-777 tokens are far less likely to become trapped in a contract.