Crypto Academy Week 12 - Homework Post for [@pelon53] by @azizulhassan

 hi hello everyone I hope that you are doing fine and you all are motivated for work I am back here for another homework will the lecture was really amazing I learnt a lot of things from the lecture about tokens and I tried my best to do my proper research for this homework now I will try to do the homework and I hope that you find value in it

Explain the ERC-1155 Token in detail.

It's not that complicated let's understand token token is basically e  proof of something all the coins that you see in cryptocurrency they are kind of tokens  the different type of tokens in the market  first erc20 token  it means ethereum request for comment And the 20 represents the number of requests Navoday WhatsApp developers De develop erc20 token for people so that it's easy to make fungible tokens Using the ethereum blockchain Now it means that The tokens ware  indistinguishable   from each other 

After a few years there was a game called cryptokitties in that game you could buy a  Kitty and then feed it and then do all sorts of things with that And cryptokitties made a standard For creating non-fungible tokens Now we have another token which is called  erc 721  token Now cryptokitties was a game as I told you so each Kitty was different from each other And that cat functions as a token It  so it means that teva  distinguishable 

Now recently there has been another development and that is is erc 1155 token now there are some companies tried to To create a hybrid of Fungible tokens and non-fungible tokens Well to make it a more easy for you I would say that this is a combination of two most popular token which is erc20 and erc 721 It simply means that fungible tokens and non-fungible token can be created  Within the same standard  

Advantages

So using the crc 1155  token you can batch Transfers together It means that we can do transfer of multiple items together It simplifies the creation of Multiple different items within the same Same contract And then the transfer of multiple items within the same transaction 

Now the second advantage is that it simplifies the The transfer of items if you buy and sell any item Spend a few buy multiple quantities of them Now if you do that with erc20 token or with erc 721 token  if you do that will have to do multiple transfers and Now two things will happen first it will take a lot of time  the second thing is that  it will cost a lot you will have to pay the gas fee again and again Now with erc 1155  we can group all those transfers togather  

Explain how you verify the amount of ERC-721 tokens existing at the time of doing your homework. Present screenshot (use etherscan)

For  the verification we will have to go to google.com in the  search box you will have to type etherscan  and then search for it you will see a   websit click on that as shown in the screenshot 

STEP 1

STEP 2

For  the verification we will have to go to google.com in the  search box you will have to type etherscan  and then search for it you will see a   websit click on that as shown in the screenshot 

 STEP 3

once you click on that and you new tab will appear where you can see multiple options but you will have to click on token as you can see in the screenshot

STEP 4

Now and other table open and there you can also see a lot of options you will have to click on the erc 721 top token  now I will click on that as you can see in the screenshot

STEP 5

Now you will see a new window will appear where you   will be able to see the amount of erc 721 token existing in   that time you can see the amount right now when I am doing this the amount is   total of 11.140 ERC 721 tokens Contracts  found

done

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Explain the TRC20 Token

as we already know that what erc20 token   ok so this is a similar thing but it's on a different blockchain so you may have heard of Grand so trc20 token is is the same thing but it's on Tron blockchain  theso TRC 20 tokens  are the Technical  standard used For the smart contracts on the  TRON  blockchain For implementing tokens with the With the Tron virtual machine Most of the Tron token we see in the In the market there are TRC 10 tokens Because they have been in the market since long time and they are very easy to create Another thing is that it's very easy to create anyone Candy that I mean you just need a little bit of tron in your wallet no need of any coding You can do that easily by going to  tronscan 

Now let's talk about TRC 20 tokens TRC 20  gives tron based tokens More functionality  and possibility to Customisation anyone can customise it to its own  choice Not like  erc 10  tokan it's very  complicated and hard to setup  

So many people has shifted from ethereum to tron  blockchain because of the high gas fees on Tron blockchainThe gas which is not that high and that is one of the benefit of this blockchain and that's why so many people are moving here

Tron blockchain is relatively faster than it therium blockchain it means that the transaction speed and everything will be more faster 

Tron blockchain uses the technology of POS which means proof of stake Which is a relatively new technology and with the highest speed

check the amount of TRC20 tokens existing at the time of doing your homework

 it's very easy process you don't need to do much you just have to open your browser it can be anyone in my case it's Google Chrome and I am using my phone to do this you can use your computer as well TRONSCAN  and once you get the result click on the first result as shown in the screenshot below

STEP 1

STEP 2

Once the website is open you can see at the right corner on the top there are 3 lines you just have to click on that and menu options will appear in a new tab

STEP 3

Now you can see we have got many options you just have to click on the tokens as you can see in the screenshot below

STEP 4

 now another tab you can see that there are many options in that you will have to click on the token tracker as you can see in the screenshot below

STEP 5

Now a new window has popped up you can see there are many options we have to click on the  TRC 20

STEP 6

After clicking on the trc20 you will be able to see the result of how much  TRC20 TOKENS  Exist at that time right now it's in total of  16.071

DONE

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THANK YOU SO MUCH PROFESSOR FOR THE LEATURE CLASS

@pelon53

REGARDS

@aizulhassan