Steemit Crypto Academy Season 2 Week 4:Tokens Part -2 Types Of Tokens; ERC-1155 Tokens, ERC-721 Tokens , and TRC20 Tokens || Homework Post for @pelon53
My Dear Steem Friends,
This is @kawsar from Bangladesh.
Explain the details of Token ERC-1155.
Describe how you verified the number of ERC-721 tokens present when doing your job. Show screenshot (use etherscan)
Describe the TRC20 Tokens and check the number of TRC20 tokens you have while you do your homework. Show screenshot (use Tronscan)
Explain The Token ERC-1155 in Details
ERC 1155 token originally came from a new concept and this new technology was originally created using the same system as the ERC20 and ERC721 . This means that ERC20 and ERC721 and ERC1155 are used in the same system. ERC 1155 token created Enjin. ERC 1155 token create both fungible and non-fungible assets on the Ethereum Network like CryptoKitties. Although this token belongs to the same system as ERC721 or similar, ERC721 balance Of function refers to what percentage different tokens an account has, not what percentage of every, But ERC1155 have a distinct balance for each token id. The ERC1155 token was originally created to solve problems with ERC20 & ERC721. ERC20 Token transaction or transfer is very lacking and it is sometimes very problematic and sometimes shows an error. And ERC721 transaction has a lot of problems and it has a lot of complaints. So many users don't feel comfortable using these two or they can't transact from here for free. ERC1155 has been made with these problems in mind and it works very well to overcome this problem and they have lifted a lot from this problem. And any user using this system they feel comfortable and it is very easy for them to use so it is a very preferred system for many.
These tokens are very secure and if you want to do business with them your business is qualified and acts as a lot of hacking. ERC1155 transactions of this token are very save and it can be saved. ERC1155 is that it uses a single smart contract but It can be used through multiple tokens at once, In a word, many inside one.
Features of ERC-1155 token
ERC1155 Token also allow Multiple token in a single smart contract System. A big advantage for every user.
A much bigger advantage of this token is its security system. Its security system is much better and greatly reduces the errors in each transaction.
Transaction is a very important issue for us so it can be done very easily. ERC1155 This ensures that every user can make many transactions using this platform.
If every user is worried about his token, is his token safe? And in this position this 1155 is very strict and very trying to prevent it from hacking. Which is why every user can be very confident here that his nature is safe.
Explain how you verify the amount of ERC-721 tokens existing at the time of doing your homework. Present screenshot (use etherscan)
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Explain the TRC20 Token and check the amount of TRC20 tokens existing at the time of doing your homework. Present screenshot (use tronscan)
TRC20 tokens are programmed on the Based Tron network Blockchain. Tron blockchain technology functions are similar to ERC20 blockchain. Tron blockchain are uses TRC-20 token standard. its implementing smart contracts using Tron Virtual Machine. TRON20 is a completely new program designed platform based on ethereum technology. TRON20 compatible and transactions can be extended to both ethereum blockchain network addresses on TRON. TRC20 token same characteristics as ERC-20 tokens. so, These two tokens are compatible with each other. TRON is free from the commission of token staking and holding. TRC20 tokens based on TRON blockchain so These techonology lower transaction and fewer swap fees. When we think of any token, one thing that works in our head is the security system of that token. Because it depends on the security system whether our tokens are saved or not. In that case, TRC20's security system is much more secure and scalable. Trading can be done easily here and trading can be done fast here. The transactions of this TRC20 are much faster than ERC20 Transaction. So its transaction speed is very high.
Advantages TRC20
- TRC20 transaction speed is much higher than ERC20.
- TRC20 tokens are compatible with other smart contracts, This is a very big advantage of the system
- Its security system is very good, it is very difficult to hack, its guarantee Based peer-to-peer network system of Tron blockchain.
- TRON Tokens has no commission fees of holding and staking.
- TRC20 tokens are available all markets in all DApp based on the TRON blockchain. This makes it very convenient for every user to buy or sell.
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Conclusion
Finally I can say that 1155 this system is very convenient. It is very easy to transfer and its cost is very low and it works fast for transactions. Above I have tried my best to give as much information as I can about ERC1155.
Thanks
@kawsar
CC: @pelon53
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