Crypto Academy Season 2 Week 4 Re-submitted Homework Post for (@pelon53) - Tokens Part 2
Professor @pelon53 took us through the part 1 of tokens in his previous lecture and now he has given his lecture on the part two of this topic.After going through his lecture and doing my own research I will now try to complete his homework task.
Q1:-Describe the ERC-1155 token in detail
The ERC-1155 was created by some arrangement of capable designers with the accompanying names; Witex Radomski, Andrew cooke , Philippe Castonguay , James Therien , Eric Binet and Ronan Sandford.
THE ERC-1155 is an improved form of the current tokens like ERC-20 and ERC-721. The motivation behind why it I considered and improved rendition is on the grounds that it contains in it the answer for the impediment of the two token referenced. It is a standard token with extraordinary capacity of control on both fungible and non-fungible kinds of token. ERC-1155 is viewed as more productive in that the blunders related with the ERC-20 and ERC-721 is being adjusted in it tasks. There wouldn't 't have been need for this redesigned ERC-1155 if there weren't restrictions in the previous ones ERC-20 and ERC-721 A portion of the restriction incorporate
1.Impediment related with move.On the off chance that tokens are erroneously or wrongly shipped off a location, the token could be lost always with no type of recovery and this is because of the restriction of the past ERC. So one must be cautious while executing with these tokens.
2.Failure to do numerous exchange at a go.Running mass exchange at an objective appears to be troublesome particularly under the ERC-721, you should send the tokens individually and every exchange draws in it own charges accordingly making the expense of moving extremely high.
3.The issue of "cross over" is additionally a significant constraint in the past ERC'S.
Benefits OF THE ERC-1155 OVER ERC-20 AND ERC-721
It is important to notice at now that the rationale why ERC-1155 was created is that the bridge the gap of the prevailing ERC tokens and proffering solution to their limitations. a number of the advantage of the ERC-1155 over ERC-20 and ERC-721 are as follows; it's capable of completing a mass transfer of tokens (fungible and non fungible) and smart contract at a enter one operation and with less charges. This has solved one among the pressing problems with both the ERC-20 and ERC-721 and also encourages trading within the system ERC-1155 has the power to make quite one fungible token and may also describe them within an equivalent contract. ERC-1155 has the power to secure token transfer by verifying that a transaction has been done and successful but if otherwise, there'll be a revert of the token to the issuer. Unlike the ERC-20,any transaction done by mistake is gone forever in most cases.
Q2:-Explain how you check the number of ERC-721 tokens existing at the time of doing your homework. Present screenshot (use etherscan)
Step 1
enter the Etherscan site now I show the menu that appears in the upper right.
Src
Step 2
Now i will select the token
Step 3
we select the Token that we need to check, for this situation, ERC-721 token.
Step 4
It's that simple, here we can see the measure of ERC-721 tokens that exist.
Q3:-Explain the TRC20 Token and check the amount of TRC20 tokens existing at the time of doing your homework. Present screenshot use tronscan
A TRC20 token is a smart contract, it has a pre-set up information structure. Identified with the Tron blockchain, in which they are customized by the TCR20 token norm as a public blockchain, anybody can issue their own TRC20 token utilizing a fundamental arrangement of rules, and this token can connect with any of different applications that are done carried on the Tron stage, which offer exceptionally low commissions as the organization has little breakdown. This is a free interaction interfacing effectively to the Dapps biological system
Step 1
To verify the amount of TRC20 we must enter the main page of transcan, in which
Step 2
Once in the main transcan system we click on the tokens option
Step 3
Then click on the token overview, it will guide us to the tokens page.
Step 4
When observing this option we go to TRC20 and there we can verify the available tokens 15,972
Conclusion
I have clarified what the ERC-1155 token is and have told with nitty gritty strides on the best way to show the quantity of ERC-721 tokens that exist.
And I have clarified what a TRC20 Token is with itemized steps on the most proficient method to check the measure of TRC20 tokens that are available.
Calificación: 5.8
15972 is huge number of tokens under category