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

Address Delegation

Delegation of a wallet's stake to a Super Staker

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.

Non-Fungible Tokens (NFT)

They are collectible elements within the Ethereum blockchain under ERC-721, where each token refers to a single element with a certain value

ASIC Resistant

A term used to describe cryptocurrency proof-of-work protocols that are resistant to Application-Specific Integrated Circuit (ASIC), by packing in various parameters that make it difficult for ASICs to have a competitive edge against consumer hardwares.

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