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Because the main purpose for token development is fund grabbing, quite than product creation. Because Ethereum Foundation is still promoting the ERC20 token standard even when it is recognized to incorporates bugs. Because of the legal irresponsibility of token builders for their deeds. While it is true that ERC20 tokens have been necessary for the growth of the crypto ecosystem, the very fact stays that they might have overstayed their welcome. People are already experimenting with newer standards like ERC223, ERC 777 and so on. however, as of proper now, ERC20 isn’t going wherever. Another big criticism is that ERC20 has made it too easy for people to create their very own tokens.

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