Bitcoin Forum

Recently there has been a lot of hype behind Enjin's development of the 1155 token.

The standard creates more fluid interactions between games or websites and token distribution.

Using JSON it can keep minimal data on the actual blockchain and instead communicate with the local server and can also have efficient triggers for token distribution.

It also allows for token generations without creating another smart contract. Which will eliminate redundant code on chain, creating a highly efficient token ecosystem.

For example the name and image of a game asset, which consumes a lot of data, wouldn't be stored on chain, instead on the local server and only the token rules would remain validated on chain.

What are your thoughts on the new standard?

There are so many active ERC standards actually. ERC 20, ERC 223, ERC 721, ERC 1155 etc. The last one seems capable when it can handle fungible, non-fungible and semi-fungible tokens. But yet there are even many more proposal standards, you can find it here: https://eips.ethereum.org/erc. Somehow, a diversification of standards is good but too many makes the ERC ecosystem fragmented.

Fragmented?
Every EIP-ERC standards have an corresponding uses or improvement of their successor like ERC 721 creation of Non fungible token / Fungible Token -> Now ERC 1155 the improve version of ERC 721

Yes, the creations of ERC standards are somehow similar to creations of altcoins. So many altcoins serve the same purpose while real usage is nearly zero. I didn't specifically mean ERC 1155. Every standard with real usage is appreciated. Just check the abundant proposed standards in the link I mentioned.