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What is ERC-777?
ERC777 standard is mainly used to address the limitations of ERC20. These standards have introduced the concept of operators. These operators have permission to execute specific tasks such as to send and burn tokens on behalf of other token holders. It also allows a token holder to reject an incoming token that comes from a blacklisted address. The benefit of using such operators is that an user is no longer required to worry about transaction fees, as it now being assigned to these operators. To know more about the features of ERC-777, get in touch with SecurityTokenizer, the leading token development company.
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