Crypto Academy Season 2 - Week 12 - For @pelon53

ERC 1155

The block chain was the host for first collectible game that was ever wildly used, it has also served as the host for several Initial Coin Offerings of Altcoin in the year 2017, many fake and many others with a truly extraordinary project underlying; it also hosted one of the biggest prediction markets which is precisely Augur .

The ERC-1155 token is a type of standard token that is capable of storing under its control the tokens that can behave in a manner that seems as if they are an ERC-20 or ERC-721 token, or possibly could behave as the both of them when it is under the same address.

The concept of the ERC 1155 seeks to create a smart contract interface that can be used to control any number of fungible and non-fungible token types.this makes it possible for the ERC-1155 token to carry out the same activities as in ERC-20 and ERC-721 token.

The ERC 1155 was creation also to correct some mistakes in the standards of the other prior tokens.

The ERC-1155 token could be a new different common place token at certain given times. Ethereum is understood for its commonplace token that is created to aid the unfolding of sensible contracts that have relations to them and their practicality, and one in every of the foremost recent standards during this regard is that the ERC-1155 .

The ERC-1155 could be a fundamental formulation designed to produce helpful tokens that will make life easier for developers.

This token was created from an inspiration of the design of the token before it which is the ERC 721, it was created to correct some mistakes in the ERC 721 like the problem of using a separate smart contract for every individual object, this problem has a caused a huge wastage of data for users as each node in the network will have to save the memory of the codes and the interface always.

But in the latest ERC, all the objects are saved in just one smart contract, isn't that amazing? Yes it is, because it saves us the data that would have been wasted in distinguishing a token from another one.

It makes it possible for one to send any number of objects to one or more recipients, in a single transaction, with the aim of reducing fees and avoiding congestion on Ethereum pools.

The ERC 1155 tokens also allow you to create both fungible (such as ERC 20) and non-fungible (ERC 721) tokens, giving developers the possibility to program in a much more free and effective way with respect to the specific uses required by a given token.

this development will give room for the creation of both fungible (interchangeable) and non-fungible assets that are supposedly "more powerful, efficient and standardized" than tokens issued under previous guidelines, in short, a Token with a smarter and more interactive language.
In fact, smart contracts with ERC-1155 could theoretically release an infinite number of tokens separated at a cost "gas" less (which means Ether spent) than its predecessors.

By minimizing the amount of code required to mint each individual token, ERC-1155 significantly reduces gas tariffs, as well as the ever-increasing number of duplicate ERC-20 and ERC-721 codes that will remain on the Ethereum block chain forever.

What is surprising about this new software is that this new token generation will be backward compatible with ERC-721 and ERC-20 , which means that the ERC-1155 tokens can interact with certain contracts smart to Ethereum , such as those affecting the markets and decentralized ones just like their predecessors and also with other Tokens, without any Wallet problem too.

Built by players, for players, the ERC-1155 standard , which leverages “standard data structures” , will allow developers of any Ethereum- related game, application or website to integrate ERC-1155 tokens into their offerings with ease.

HOW DO YOU VERIFY AN ERC 721

I will be taken us through the processes by which we can very the amount of ERC 721 that is present at a point in time. So I will advice that you follow carefully
Step 1 first things first; download the etherscan app from google play store or alternatively use the web version.

Step 2 once you successfully open etherscan, at the top of your screen, you will see three horizontal lines, please click on it.

Step 3 now you will see the tokens after clicking on the horizontal lines in step 2 above, select tokens

Step 4: Now you can select the ERC721 tokens in the options displayed

Step 5: this is where we see the number the number of ERC 721 existing as at the time this article was written which is 11,152 ERC 721

TRC 20

TRC20 is a token standard that has focus on the implementation of smart contract when making use of the TRON network to give out any token.

It is an official standard token which functions based on TRON’s network or block chain; all transactions carried out with the TRC20 are carried out on TRON network, the reason is because the address ueed is TRONs address..

HOW DO YOU VERITY TRON 20

Let us take a look at how we can verify the amount of TRC 20 that is in existent at a particular time. For this demonstration we will be looking at the amount of TRC 20 existing as at the time this article was written, I would implore us to pay keen attention to this.

Step 1:
just like before, the first step is to download the tronscan app from google play store or alternatively you can decide to make use of the tronscan website, anyone that suits you.

Step 2.
Click at the horizontal lines at the top of your screen when the home page for tronscan displays.

Step 3
After clicking on the horizontal lines in step 2, you select token from the display options.

Step 4
Next you select token tracker from the display options

Step 5
Next you select TRC 20 from the options shown below

Step 6
The amount of TRC20 existing at the time of writing this article is seen at the bottom of the TRC 20 you clicked at step 5 and it is 16,138 tokens

@pelon53