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
UTC Time
"Universal Time Coordinated", can be used interchangably with Greenwich Mean Time (GMT).
All-Time-High (ATH)
The highest point (in price, in market capitalization) that a cryptocurrency has been in history.
QR Code
Abbreviation "Quick Response Code", QR code is a machine readable optical label that stores up to 3Kb of data
Impermanent Loss
Temporary loss of funds due to volatility leading to divergence in price between token pairs provided by liquidity providers.
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