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Token Standards - Coggle Diagram
Token Standards
ERC777
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disadvantages
the advantages of hooks are only manifested if you implement them properly - it's extra work to do so, and most people don't. The ERC777 just opens up the possibility for clients to do so, it doesn't actually make anything special happen.
ERC1155
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implements "hooks", like ERC777
advantages
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kind of like a "token manager", it can manage bunches of both fungible & non-fungible tokens.
disadvantages
slightly more functionality to test (though in some ways,
you could say that OZ has already tested it thoroughly)
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ERC20
the basic standard, good for most purposes
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