Hi @Sushil Agarwal ,
.NET 5.0 is the main implementation of .NET going forward and .NET Framework 4.x is still supported.
.NET 5.0 doesn't replace .NET Standard
New application development can specify the net5.0 target framework moniker (TFM) for all project types, including class libraries. Sharing code between .NET 5 workloads is simplified in that all you need is the net5.0 TFM.
For .NET 5.0 apps and libraries, the net5.0 Target Framework Moniker (TFM) combines and replaces the netcoreapp and netstandard TFMs. However, if you plan to share code between .NET Framework, .NET Core, and .NET 5 workloads, you can do so by specifying netstandard2.0 as your TFM. For more information, see .NET Standard.
For more information, please refer to: What's New in .NET 5
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