Steemit Crypto Academy,[Season 2 Week 4] Homework Post for prof @pelon53 | TOKEN PART 2 |

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ABOUT ERC 1155

Ethereum has several standards for tokens. ERC 20 tokens are commonly used to exchange for ChainLink or Uniswap and there is also an ERC 721 token, this one cannot be used to exchange digital art, in-game items and event tickets.

If we have a Dapp where this Dapp can take advantage of both, where for example when we are playing where the game can give us a character that has been represented by a token that cannot be exchanged. Characters like this can also be collected in a game item such as gold, armor, and potions. Things like this can later be represented by commensurate tokens.

If we wanted to make a separate token contract to be used for each type of item it could have been done but that would be a big problem for us very quickly and this was also very dangerous.

Therefore ERC 1155 is here where ERC1155 can give permission to develop and also manage tokens which can be exchanged later, later things that can be exchanged and also cannot be exchanged will all be incorporated in a contract. This provides benefits in terms of savings time as well as costs.

WHAT IS ERC-1155?

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ERC-1155 is a standard token where this token has the expertise to hide something under its control, this token usually does something as if this token is an ERC-20 or ERC-721 token or the two tokens are made into one.The idea of ​​the ERC-1155 token is very simple where this idea aims to create a smart contract that can later represent and control tokens that are commensurate and not exchangeable. In this case, the ERC-115 Token can perform the work functions of ERC-20 and ERC. -721 at the same time.

Why was ERC-1155 Made?

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In order to understand the reasons why the ERC-1155 token was made, there are several important points which are the main reasons for the formation of this coin.
There are Limitations on ERC-20 Tokens
The ERC-20 token and also the ERC-721 token are the two tokens that are widely used in the Ethereum ecosystem, but these two tokens have a limited number and some of them are quite severe. An example of a problem is where the ERC-20 token has a shortage in the matter of reaction in the transfer problem, this causes the ERC-20 token that has been transferred to the wrong address can be fatal, and cause what you have transferred will be lost forever.

How To Verify The Amount of ERC-721 Tokens

Step A : The first step you have to do is open Google then enter the Etherscan page then select Token.

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Step B: Click on ERC-721 Top Token to find out how many there are.

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Step C: In the last step you can see how many ERC-721 tokens are now.It says there are 11,137 ERC-721 Tokens at the moment.

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ABOUT TRC20 TOKEN

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TRON Dapp has made a great move where they are developing by inviting other tokens to pass into their cycle, they have also created a smart contract that is better than other tokens.Smart contracts are the basis of a creation and later a smart contract This is what determines a token will work. This is what makes the TRC20 token born and makes it easier to use.

The thing that is most different from TRC20 is the fundamental difference that it is in a smart contract that allows a lot of things to happen. It has more possibilities than any other token.In terms of development, TRC20 is much easier than other tokens.

TRC20 itself has strengths that can match the ERC-20 found on Ethereum. TRC20 is also able to work on ERC-20, that's because the script contained in TRC 20 can also be executed on ERC20. Therefore things that used to be contracted The smart one on the ERC-20 can easily switch to the TRC20 without having to repeat the code.

How To Verify The Number of TRC-20 Tokens
Step A : The first step you have to do is open Google then enter the Tronscan page then select Token.

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Step B: Click on Token Trecker To go to the next page.

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Step C: Click on TRC20 To see how much TRC20.

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Step D: In the last step you can see how many TRC20 tokens are now.It says there are 16,063 TRC20 Tokens at the moment.

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Conclusion.

ERC-1155 is a standard token where this token has the expertise to hide something under its control, this token usually does something as if this token is an ERC-20 or ERC-721 token or the two tokens are made into one.

TRC20 is a standard that will be used in smart contracts in the Tron blockchain which will later be applied to tokens with the TRON Virtual machine.

Sorry if there are words and writing that are wrong, if other friends want to comment, please comment in the comments column below.

Thank you for reading my writing, see you in the next assignment.

Best regards @karimjz

CC:
@pelon53
@steemitblog
@steemcurator01
@steemcurator02

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Gracias por participar en Steemit Crypto Academy.

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Agradezco tu esfuerzo. Y espero ver pronto tus publicaciones.

No cumples con la regla de 100 SP. Espero verte pronto en las próximas tareas.

Calificación: No cumple con las reglas

Hello professor @pelon53, now my steem strength is 100, I hope you still want to rate my homework?

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