What is ERC-1155?
ERC-1155 is a standard for tokens on the Ethereum blockchain. It was proposed in 2017 by Enjin, a gaming company, and is now widely used in the gaming and non-fungible token (NFT) industries. It is an improvement on the ERC-20 and ERC-721 standards, allowing for the creation of multiple types of tokens in a single smart contract. This makes it easier to manage and transfer tokens, as well as to create new token types.
History of ERC-1155
ERC-1155 was proposed in 2017 by Enjin, a gaming company, as a way to improve the existing ERC-20 and ERC-721 standards. It was designed to allow for the creation of multiple types of tokens in a single smart contract, making it easier to manage and transfer tokens, as well as to create new token types.
The standard was first implemented in the Enjin platform in 2018, and has since been adopted by a number of other platforms, including Decentraland, CryptoKitties, and Gods Unchained. It has also been used to create a variety of tokens, from gaming items to digital art.
Comparison of ERC-1155 and ERC-20/721
| Feature | ERC-1155 | ERC-20/721 |
|---|---|---|
| Multiple Token Types | Yes | No |
| Gas Cost | Lower | Higher |
| Transfer Speed | Faster | Slower |
Summary
ERC-1155 is a standard for tokens on the Ethereum blockchain that was proposed in 2017 by Enjin. It is an improvement on the ERC-20 and ERC-721 standards, allowing for the creation of multiple types of tokens in a single smart contract. This makes it easier to manage and transfer tokens, as well as to create new token types. It has been adopted by a number of platforms and used to create a variety of tokens, from gaming items to digital art. For more information, you can visit the Enjin website or read the ERC-1155 whitepaper.
See Also
- ERC-20
- ERC-721
- Smart Contracts
- Non-Fungible Tokens (NFTs)
- Decentraland
- CryptoKitties
- Gods Unchained
- Enjin
- Ethereum
- Blockchain
