CRYPTO ACADEMY SEASON2 WEEK4 ASSIGNMENT POST FOR @pelon53 by @jimah1k

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Greetings fellow steemians

Its another weeks edition of the crypto academy which I very happy to be a part of after going through the professors notes and doing research I hereby present my homework task

ERC 1155 TOKEN

The ERC 1155 token is an acronym that stands for Ethereum Request For Comments which was established in the year 2018 It allows the creation of fungible, semi fungible and non-fungible tokens in one single token standard. The ERC 1155 creates a smart contract interface that can represent and control any number of fungible and non-fungible tokens. This means that ERC 1155 can perform the same functions as ERC 20 and ERC721 at the same time whiles improving functionality of both standards and correcting errors on the ERC 20 and ERC 721 standards. ERC 1155 standard allows the massive transfer of tokens such that, several NFT or fungible tokens can be transferred in the same transaction which makes it effective. They are also approval functions for allowing others addresses to send tokens on the users behalf. There are four required events for ERC1155 which are transfer single, batch transfer, approval for all and uniform resource locator. Transfer single occurs when a single token is transferred. Transfer batch occurs when several different tokens are transferred. Approval for all occurs when an owner has given approval for another operator to send their tokens. Uniform resource locator occurs when the (uniform resource locator) for a specific token id is added.
This is basically a detail explanation of ERC 1155

How to check the amount of ERC 721 tokens existing at the time of my assignment.
There are a few step to check your ERC tokens which are

• Open your browser and search https://etherscan.io/ .

• locate and click on tokens which can be found at the top right corner of the page. A drop down menu will appear.

• Click on ERC721 top tokens from the drop down menu that appeared.

• And there is the total number of ERC 721 tokens which were present at the time I was doing my homework.

TRC 20 token

TRC is also an acronym which stands for Tron Request Comment Just like ethereum has its own technical ERC 20 token standard, TRC 20 is a standard used for smart contracts on the tron blockchain for implementing tokens with the tron virtual machine. TRC 20 adheres to a set of mandatory rules .
The following are the mandatory RULES.

1. The highest number of Trons that can be supplied on the platform is called total supply.
2. investors can find out the token balance by just balancing the will return.
3. Transactions of tokens are passed through smart contracts .
4. Approve authorizes a third party, such as another smart contract, to transfer tokens.
5. Since the movement of tokens is required a middle man is introduced.

checking the amount of TRC20 tokens existing at the time of my assignment

There are a few step involved in checking it which I will elaborate with pictures below.

• Open your browser and type https://tronscan.org/ .

• Select Tokens at the top right corner of the page a drop down menu will appear.

• Select tokens tracker from the drop down menu.

• The page that opens will show the total amount of TRC20 tokens existing at the time I was doing my assignment. Which was 36682 Trons

CONCLUSION

I just want to thank professor @pelon53 for the great opportunity I got to learn this wonderful stuff from the lesson, I really appreciate it.