Crypto Academy Season 2 Week 4 Homework Post for (@pelon53) - Tokens Part 2

in hive-108451 •  3 years ago  (edited)

ERC-20 is the first (and, to date, most popular) Ethereum token standard, but by no means the only one. Over the years, many other standards have emerged, either suggesting improvements to the ERC-20, or having completely different goals.

Some of the less common standards are those used in non-fungible tokens (NFTs).

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ERC-1155 is the first and only Ethereum token standard that allows users to print (identical) and non-exchangeable (unique) assets in a single smart contract - enabling the creation of every type of asset, from real estate tokens, digital currencies to game items and digital art

There are many ERC type tokens on the Ethereum blockchain. Estos; Such as ERC-20, ERC-223, ERC-721, ERC-777, ERC-998, ERC-1155 ERC-1337, ERC-1400.

One of the ERC type tokens is ERC-1155. The ERC-1155 standard was created in 2018. Ethereum developers want to revolutionize the blockchain ecosystem. Ethereum developers are constantly working on insufficient, inadequate, and non-produced solutions in the blockchain ecosystem.

The ERC-1155 standard was designed for the video game industry. Currently, the number of game enthusiasts is quite high. For gamers, it is very important to create blockchain based assets.

The ERC-1155 standard is called the Multi Token standard. This is because previous existing ERC standards are combined, comprehensive or created by adding new features.

It's quite impressive in terms of scalability. It has the ability to process a large number of transactions per transaction.

The ERC-1155 standard provides convenience and practicality. To purchase services with the ERC-1155, we only need to make one transaction.

The difference between ERC-771 and ERC-1155. The ERC-771 standard cannot be changed in any way. ERC-1155 tokens, on the other hand, are semi-interchangeable. The ERC-1155 standard can create modifiable assets and create immutable assets. ERC-1155 is wider.

ERC-1155

This protocol was created for gaming. Suppose that one day there is a World of Warcraft chain with equipment, gold coins, food, raw materials - hundreds of thousands of on-chain items which can lead to hundreds of thousands of token contracts. Gas costs, management, and so on can be unbearable. ERC-1155 is designed to provide users with a single package.

Example of the ERC-1155 standard: Engine

An example of an ERC-1155 based token is Enjin. Enjin is a project that runs on the Ethereum network. Apart from owning ERC-20 tokens, it also supports ERC-1155 smart contracts. As is well known, game lovers show great interest in digital products used in game content. At this point, Enjin makes it easier for gamers to present digital products. They help those who are interested in the game with practicality and reliability.

The ERC-721 standard is great for creating tokens and creating unique assets that can be transferred from one wallet to another. However, ERC-721 token collection has proven slow and inefficient, for example, when transferring multiple pieces of in-game armor for certain characters. This is where the ERC-1155 comes into play, which can offer a unique digital NFT, allowing batch transfer and multiple tokens at once, at a much faster speed than the ERC-721. The ERC-1155 token is often described as anext-generation multi-token standar, and the focus here is on a truly "multi-token" approach. ERC-1155 was developed by Enjin, and supports non-exchangeable tokens as well as exchangeable tokens.


Describe how you checked the number of ERC-721 tokens that were present while you were doing your homework. Current screenshot (use etherscan)

The first step to verifying the number of ERC-721 tokens in existence will begin by entering the Etherscan website and selecting the "token" option.

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Continue by clicking the token tab, then clicking the ERC721 top token tab.

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As we can see in the red box, at the time I was doing my homework there were a total of 11,046 ERC-721 tokens or NFT tokens, these results can change at any time.


Describe the TRC20 Tokens and check the number of TRC20 tokens you have while you do your homework. Show screenshot (use tronscan)

TRC-20 tokens are basically tokens created with the characteristics of smart contracts on the blockchain, based on TRON, these tokens have the same functionality as ERC-20 and are compatible, TRC-20 tokens can be created for performance, business and decentralized gaming purposes. An example of this token is USDT - Still, I think it is the most important stable currency at the moment because of the current capitalization, it is based on the blockchain tron ​​and because it is a stable currency, it always has the same value. , and minor is compatible with most ERC-20 tokens on ethereum,

Check the number of ERC20 tokens available; The first step, we go to the website https://tronscan.org/#/. This website helps us to access all the details with the Tron network.

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Then we continue by clicking the "Token" tab above. Then we click on the "Token Tracker" tab.

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Click on the "TRC20" tab to find the current ERC20 token number. After clicking, we can see that there are 15,893 tokens in existence at the moment.


Conclusion

Now that the cryptocurrency world wraps us between its curiosities, every day something new is implemented that we should know about, and I like to know that each of these investigations goes, in this case, conducting investigations with respect to the ERC -1155 and TRC-20 tokens. , I think each blockchain is increasingly putting its greatest effort into creating algorithms that make it easier to create new tokens that are more compatible and easier to use for investors, I think the next step of Blockchain Tron will be implementing a token very similar to ERC-1155 based on ethereum, but with enhanced features. We will see what a great future is for us as we develop more and more with respect to cryptocurrencies.


Cc

@pelon53

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Gracias por participar en Steemit Crypto Academy:
Faltaron detalles importantes en ambos tokens ERC1155 y TRC20.

Espero seguir corrigiendo tus tareas, sigue mejorando.

Escala de Estimación.Puntaje.Observación
Explicar ERC-1155.1.8Profundizar un poco con datos importantes.
Verificar Token ERC-721.0.8Verificó el token.
Explicar TRC20.2.1Hay que profundizar un poco más.
Originalidad1.1Su propio trabajo.
Presentación.0.7Puede mejorar.

Calificación: 6.5

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