Crypto Academy Week 12 Homework Post For @pelon53 - Tokens (Part 2)

On this occasion I will try to answer questions from the homework given by professor @pelon53, as for this week's class is related to the ERC-20 and ERC-721 Tokens, okay I will answer them one by one

1. Please Describe The ERC-1155 Token in Detail

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ERC-1155 tokens are often called multi tokens because the ERC-1155 token is a form of development and amalgamation of ERC-721 and ERC-20 tokens. This is a form of changes and enhancements to previous tokens in order to provide convenience and comfort for users. ERC-1155 token is a type of token that runs on the ethereum blockhain network, and is widely used in blockchain-based games.

The Specialty of The ERC-1155 Token

The following are some of the advantages and forms of change from the ERC-1155 token compared to ERC-721 and ERC-20 tokens

• ERC-1155 tokens provide several advantages, one of which is that ERC-20 tokens do not. As for the ERC-20 Token, users certainly often make mistakes in address when making these token delivery transactions, this can create losses for users. However, the problem has been modified and can be resolved in the ERC-1155 token, because the ERC-1155 token can cancel the wrong transfer transaction, so users don't have to worry about making transactions on ERC-1155 tokens.

• The ERC-1155 token also provides improvements and changes to the ERC-721 token, users certainly want low fees when making transactions, this has all been increased to get cheap transaction fees on ERC-1155 tokens. the ERC-721 token cannot transact a number of tokens in one transaction at a time. on ERC-1155 tokens this problem has been developed and enhanced, because the ERC-1155 token can transact a number of tokens in one transaction at once, thus saving more transaction costs

So the ERC-1155 Token was created to help users make transactions easily, quickly and efficiently. these are all changes from the previous token (ERC-20 and ERC-721)

2. Please Describe How You Verifed The Number of ERC-721 Tokens in existence. Add Current Screenshot (Use Etherscan)

• First, go to the page https://etherscan.io/, then you will see a screen similar to the image below

• after that, select the tokens written on the initial display, and select ERC721 top tokens

• after that you will see how many ERC721 tokens are currently as shown on the left of the page.

when I made this post, the number of ERC721 tokens was 11,132 as shown on the page above

3. Explain The TRC20 Tokens and Check The Number of TRC20 Tokens Available. Add Current Screenshot (Use Tronscan)

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Ethereum-based tokens are usually called ERC tokens while TRON-based tokens are usually referred to as TRC. TRC20 is a token that is in TRON the same as the TRC10 token and TRC721 token, the TRC20 token can be said to be a very popular token on the TRON network because the token is trusted to carry out risk-free transactions and secure transfers. The TRC20 token residing in TRON was created to compete with ERC20 which resides on Ethereum. The TRC20 Token script code also has similarities to the ERC20 token.

TRC20 tokens that are on the same network as TRC10 tokens have their respective advantages depending on the needs of the users. The TRC10 Token offers the advantage that it is easy to use. Meanwhile, the TRC20 Token offers advantages, namely its complete, safe features and cheap transactions

Check The Number of TRC20 Tokens

• First, go to the page https://tronscan.io/#/, then you will see a screen similar to the image below

• after that, select the tokens written on the initial display, and select Token Tracker

• After that you can see several options on the right of the screen and select TRC20, after selecting TRC20 you can see the number of TRC20 Tokens on the left of the screen

when I made this post, the number of TRC20 tokens was 16.046 as shown on the page above

Conclusion

The ERC-1155 token is a token on the ethereum network which is a form of development and change from the ERC-20 and ERC-721 tokens. So that the ERC-1155 token can overcome the shortcomings that exist in ERC-20 and ERC-721 tokens. Meanwhile, the TRC20 token is a token that is on the TRON network.

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That's All I can explain in homework this week. I hope it's easy to understand.

CC: @pelon53
CC: @steemcurator02