Crypto Academy Week 12 Homework Post for [@pelon53] - Tokens Part 2

Good night everyone and welcome to see you again in this 12th week.

The first class I attended this week was a class given by professor @pelon53. After reading the learning material that was given to the class, I began to understand it and it was time to do the homework that had been given. There are three questions that must be answered properly, here is my homework post.

Q1: Please describe the ERC-1155 token in detail

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ERC-1155 is a type of token that runs on the ethereum blockchain network and this token was first created in mid-2018. It is a revolution made by developers on ethereum and is currently being used more and more on blockchain-based gaming platforms. This is a token that is very practical to use and of course makes it easier for us to make every transaction.

ERC-1155 is a token that has combined ERC-20 and ERC-721 so that it is multi-functional and can be said to be a multi token. ERC-1155 can solve problems that often occur in ERC-20, namely making a transfer error to the wrong address, causing the loss of tokens. ERC-1155 allows you to cancel the transaction if there is an error address and your token can return to your hands. In addition, ERC-1155 transactions also have a lower commission fee than ERC-721 because multiple ERC-1155 tokens can be sent in a single transaction whereas ERC-721 has high commission fees because they cannot be sent in a single transaction and must be sent. separately.

The ERC-1155 smart contract is also better than the existing ERC-20 and ERC-721 smart contracts because one ERC-1155 smart contract can manage an unlimited number of tokens. As an illustration, in a game there are various items such as weapons, bulletproof vests, scopes, additional blood, arrows, and many more. All of that is included in the ERC-1155 contract that was made for a game and every item in the game you can buy easily using the ERC-1155 token used on the platform. There are several blockchain-based gaming platforms that support the use of the ERC-1155 token, two of the most well-known today are ENJIN (ENJ) and SANDBOX (SAND).

Q2: Please describe how you verified the number of ERC-721 tokens in existence. Add current screenshot (use etherscan)

• Go to the address https://etherscan.io/. then click TOKENS and select ERC-721 TOP TOKENS as shown below.

• Then a display will appear as in the following image and you can see the current number of ERC-721 tokens in the section I marked and the current number of ERC-721 tokens is 11,043.

Q3: Explain the TRC20 Tokens and check the number of TRC20 tokens available. Add current screenshot (use tronscan)

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TRC20 token is one type of token based on the TRON network besides TRC10 and TRC721. TRC20 can be said to be ERC20 running on TRON network because TRC20 is similar to ERC20. Apart from that, TRC20 also has the same scrip code as ERC20 so that developers using ERC20 can easily move their project here if they want. The main advantage that TRC20 offers is its very, very low transaction fees. TRC20 also has high energy and large bandwidth, transactions are fast, safe and always recorded on the public ledger.

Here are a few easy steps to find out the current number of TRC20 tokens.

• Go to the address https://tronscan.org/. Then click TOKENS and select TOKENS TRACKER as shown below.

• Then the display will appear as shown below. Then click TRC20 on the right side of the page and you can see the current number of TRC20 tokens on the right side of the page (which I marked with an arrow). The current number of TRC20 tokens is 15,809.

Thankyou for your review and reading my post...