greetings everyone

Today I will be lecturing on the ERC 1155 Token, If you are interested in learning how NFTs work, this is the foundational course.

The ERC 1155 token could be seen as a major token with roots in Ethereum

The lesson unfolds light on ERC-20 and ERC -721 tokens and we can reconcile this to the ERC 1155 because they can behave like the previously mentioned tokens or serve as both at the same time. This percept produces an intelligent planned network that can manage any amount of fungible and non-fungible tokens.

The lesson gives formats on the structure of the tokens and the same is applied here with the ERC-1155 token better explained in its derivation as EIP ie Ethereum Improvement Proposal from the nomenclature EIP- 1155.

There were necessities leading to the installation of these tokens since there were limitations to what the ERC-20 (fungible tokens ) and the ERC-721 (non fungible tokens ) were since they embody both features. For instance, the ERC 20 had a problem in the organization of transfers and brought huge undeniable losses when users made wrong transfers and the ERC-721 with identification issues therefore the ERC-1155 token was installed to help out with the shortcomings of these already existing tokens.

These already existing tokens were also unable to work with each other and so functions that needed both of them could be better solved with ERC 1155 which offers both features and leaves a very secure platform.

We could also refer to the NFT ENJIN that uses this token for service operations

#AweSME #NFT #SoMee #someeofficial #SME #
greetings everyone Today I will be lecturing on the ERC 1155 Token, If you are interested in learning how NFTs work, this is the foundational course. The ERC 1155 token could be seen as a major token with roots in Ethereum The lesson unfolds light on ERC-20 and ERC -721 tokens and we can reconcile this to the ERC 1155 because they can behave like the previously mentioned tokens or serve as both at the same time. This percept produces an intelligent planned network that can manage any amount of fungible and non-fungible tokens. The lesson gives formats on the structure of the tokens and the same is applied here with the ERC-1155 token better explained in its derivation as EIP ie Ethereum Improvement Proposal from the nomenclature EIP- 1155. There were necessities leading to the installation of these tokens since there were limitations to what the ERC-20 (fungible tokens ) and the ERC-721 (non fungible tokens ) were since they embody both features. For instance, the ERC 20 had a problem in the organization of transfers and brought huge undeniable losses when users made wrong transfers and the ERC-721 with identification issues therefore the ERC-1155 token was installed to help out with the shortcomings of these already existing tokens. These already existing tokens were also unable to work with each other and so functions that needed both of them could be better solved with ERC 1155 which offers both features and leaves a very secure platform. We could also refer to the NFT ENJIN that uses this token for service operations #AweSME #NFT #SoMee #someeofficial #SME #
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