Bitcoin Forum
December 11, 2024, 03:42:47 PM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: 1155 - The new standard?  (Read 172 times)
HyperionXtech (OP)
Copper Member
Newbie
*
Offline Offline

Activity: 139
Merit: 0


View Profile WWW
June 27, 2019, 03:05:33 AM
 #1

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?

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Evolving the way we think about economy ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
● HyperionX.org ●  Hyperion Xenoeconomical Technologies Organization  ● Peerion.io
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬   [  #PlayWithPurpose #WithRootForce  ]   ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬


⬢ ⬢ Hyperion Xenoeconomical Technologies Organization ⬢ ⬢
⬢ ⬢ Smart products to connect the world ⬢ ⬢
▂▃▅▆ https://www.hyperionx.org/ ▬▬ https://peerion.io/ ▆▅▃▂
 

[ Whitelist Feb 20, 2019 - March 6, 2019 ●●●● Tree Propagation  MAR 7 2019 - Dec 31 2019 ]
Lagonda
Member
**
Offline Offline

Activity: 93
Merit: 11


View Profile
June 27, 2019, 03:36:10 AM
 #2

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.
bigatenz
Member
**
Offline Offline

Activity: 132
Merit: 17


View Profile
June 27, 2019, 03:48:01 AM
 #3

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
Lagonda
Member
**
Offline Offline

Activity: 93
Merit: 11


View Profile
June 27, 2019, 04:04:11 AM
 #4

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.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!