ERC-1155
By CoinGecko | Updated on Aug 13, 2021
ERC-1155 token standard allows each token ID to represent both non-fungible (NFTs) and fungible tokens which may have their metadata, token supply and other attributes. It is used to promote efficiency in batch token transfers, and it allows many types of NFTs to be created with a single contract.
Related Terms
Airdrop
A way to promote cryptocurrencies by sending some free tokens to traders
Hard cap
The maximum amount that an ICO will be raising.
Nonce
Abbreviation for ‘number only used once’ It is of vital importance next to the hash in the verification of data from the Bitcoin blockchain network.
Daily Active Addresses (DAA)
On a blockchain, users interact with one another through their addresses, and daily active addresses (DAA) refers to the number of addresses which fulfills the defined activity parameter on a given blockchain.
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