ERC777 — Is the new token standard replacing the ERC20?

The ERC20 token standard is probably the most common and best known Ethereum technology standard. But now the ERC20 standard gets competition. The new ERC777 should solve the biggest problems of the ERC20. What is behind it?

The acronym ERC stands for Ethereum Request for Comments. It is a topic within the Ethereum Improvement Proposals (EIP) repository, a collection point for improvement proposals.This collection point is located on the Ethereum Foundation’s Github account.Github is a web-based online service that allows developers from all over the world to work together on software projects.

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