Steemit Crypto Academy Season 2: Week4 // Homedwork Task for @pelon53 // TOKENS, PARTE 2: ERC-20 y ERC-721, by @alauddinpabel
Hello Everyone,
I hope you are all well, I am also well by the infinite mercy of Allah Alhamdulillah. Steemit Crypto Academy welcomes you to homework task, and also I thank the professor @pelon53 that through him I have learned a lot about this Crypto tokens and I have read about ERC 20 and ERC 721 tokens in this post. And I found every activity here and their features that set them a part but always start from a network. The Etherium network makes this kind of thing very interesting because it gives us the opportunity to expand our knowledge about it and we need to know more about this type of token.
Today I am sharing with you the homework of ERC 1155 and TRC 20 token which the professor has asked me to discuss in front of you.
Explain in detail the ERC-1155 Token.
The Ethereum platform is very well known because it contains ERC 20 which is basically a collectible token and when transferring you have to do a very careful with the sending address. It can also be exchanged in addition to a very flexible token. Many derivatives and ERC 721 have limited modification features and you need to perform each operation separately when transferring. Here you can see that Ethereum has taken the initiative to create a new token which is ERC 1155 token which is used to perform multiple functions in the platform. And thus modifying the DAPPs approach in the blockchain means that the ERC 1155 token is another type of token that acquires the characteristics of the ERC 20 and ERC721 tokens.
It can also be modified to perform the same task individually and to have both features without any problems but with the general ERC 1155 token ERC 721 token has fixed some errors. Which is because of their imperfections, because they work differently and when they move they work very differently, Since the ERC 20 token works with fungal tokens and the ERC 721 with non-fungal tokens, the idea behind creating this was to create a token with the features of a disguised and non-fungal token. It is also very important for the developer to implement this token in a single operation which is an option to see if the transaction was done and if there is any difficulty. This same option, however, reverses the operation and returns the token to its owner.
Explain how you verify the amount of ERC-721 tokens existing at the time of doing your homework. Present screenshot (use etherscan)
Here is a screenshot below of how I check ERC 721 numbers while doing my homework.
The first step in verifying the amount of existing ERC 721 is to go to the Etherscan website through Google and there in the interface via ERC 20 option. Then after going to the interface through Etherscan website, you have to select the token option
After selecting the token, another option will show. Go there and select ERC 721 Top Token. With this token we will get all the information of ERC 721 token.
As we can see here there were a total of 11,115 TRC 721 tokens or NFT tokens at the time I was doing my homework. Another thing to note here is that these results are constantly changing due to their high demand.
Explain the TRC20 Token and check the amount of TRC20 tokens existing at the time of doing your homework. Present screenshot (use tronscan)
TRC20 Token is a token created with the feature of Smart Contact in Blockchain. I would say that it is the most important stable currency at the moment due to its current capital. This currency is based on train lines and for this reason it is always a stable currency. These tokens work the same as ERC 20 and are compatible. TRC 20 tokens for decentralized business and games can be created for performance purposes. An example of this is Tether, USDT. Now we will try to test the amount of TRC 20 token while doing homework through the screenshot below and we are presenting it to you.
To test the TRC 20 amount we first need to go to the Tronscan website via Google. All you have to do is select the transaction option from here and click on it and you will be able to access the tronscan interface.
Then after we go to the interface, select the token option and click on the token taker. And finally we reached our desired interface. And clicking on the Token Overview in this interface which will show us the information of TRC10, TRC20, and TRC721.
Then we click on the TRC 20 box on our right and now you can easily see here that I had 15,972 tokens while performing the homework task. Which I have presented to you.
Finally I can say that the creation of token ERC 1155 was a great work of Etherium developer it will be more and more important when it is applied more, and I think it was a great one for gaming platforms and offers the advantage of other technologies that have to do with tokenization because of its flexibility. The ERC 20 has become one of the pillars of creating a wide spectrum for use on the Etherium network, and it is through this token that the platform creates transparency identification and protection for its users. I think the cryptocurrency world is engulfing us in curiosity that something new is applied every day and we should know that. And I also think that each blockchain is implementing its utmost efforts to create algorithms that have made it easier for investors to create tokens that are appropriate and convenient.
Thanks for read my homework task post.
Cc:
@pelon53
Gracias por participar en Steemit Crypto Academy:
Buena investigación, pero hay que profundizar un poco más.
Faltaron datos importantes en los token ERC-1155 y TRC20.
Espero seguir corrigiendo tus tareas.
Calificación: 6.9
Thank you sir for your feedback.
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