We are building EduLadder(ELADR) - Protocol

The Eladr Protocol is a decentralized, security and efficiency enhanced Web3 noSQL database powered by IPFS as the data storage layer https://ipfs.io/, and the Cardano block chain as the rewards token platform, https://cardano.org/. It provides a JSON based, IPFS layer 2 solution for data indexing and retrieval in an 'append only' file system built with open source Node.js API libraries.

The ELADR token was designed to incentivize and reward community members as a proof of contribution. Token holders are also granted access to EduLadder.com premium features as well as associated ELADR token enabled apps.

WHITE PAPER Buy Now Try BETA

Real Problems! Real Experts!

Join Our Telegram Channel !


The Eduladder is a community of students, teachers, and programmers. We help you to solve your academic and programming questions fast.
In eduladder you can Ask,Answer,Listen,Earn and Download Questions and Question papers.
Watch related videos of your favorite subject.
Connect with students from different parts of the world.
Apply or Post Jobs, Courses ,Internships and Volunteering opportunity. For FREE
See Our team
Wondering how we keep quality?
Got unsolved questions? Ask Questions

Ten-cms-Part-2-->View question

What is ERC-1155 and how does it compare to ERC-721?

What is ERC-1155 and how does it compare to ERC-721?



Asked On2022-01-23 12:47:33 by:Suresha-N

Taged users:


Likes:
Be first to like this question

Dislikes:
Be first to dislike this question
Talk about this  Like  Dislike
View all questions
Answers

Although the ERC-721 standard works well for tokenization and creation of unique assets that can be transferred between to users, a collection of such tokens are often slow and inefficient. This is why many have now turned towards ERC-1155, as it takes care of many of the limitations that are seen with the use of ERC-721. ERC-1155 tokens have often been lauded for its multi-token approach. They support batch transfers of multiple tokens at once at much higher spends than an ERC-721 token.

We can compare ERC-1155 tokens to a vending machine. Each developer is able to deploy a single smart contract that is often used to mint unlimited fungible and non-fungible tokens. On the other hand, ERC-721 tokens standard only produces non-fungible tokens, which means that developers need to deploy a new smart contract for each new token.

Developers will use the ERC-1155 token standard to deploy a single smart contract and then mint new tokens in seconds. They will keep using the one smart contract indefinitely, minting an unlimited number of fungible and non-fungible tokens.

Users can also send batch transfers of multiple fungible and non-fungible tokens using ERC 1155 in one go:

batch transfers of multiple fungible and non fungible tokens using ERC 1155

Additionally, users can also swap any amount of tokens easily and efficiently by following these steps-

swap any amount of tokens easily

There are various advantages associated with using ERC-1155 when compared to other token standards like ERC-20 and ERC-721. It allows developers to consolidate the logic in one contract and build an ecosystem around a single address. It also enables users to execute batch transfers in the same contract, and all of this is possible at much lower costs.  The primary idea behind ERC-1155 is that a single smart contract can govern an infinite number of tokens.


Answerd on:2022-01-23 Answerd By:Suresha-N

Likes:
Be first to like this answer

Dislikes:
Be first to dislike this answer
Talk about this  Like  Dislike

Type your answer here in no less than 50 words :



Lets together make the web is a better place

We made eduladder by keeping the ideology of building a supermarket of all the educational material available under one roof. We are doing it with the help of individual contributors like you, interns and employees. So the resources you are looking for can be easily available and accessible also with the freedom of remix reuse and reshare our content under the terms of creative commons license with attribution required close.

You can also contribute to our vision of "Helping student to pass any exams" with these.
Answer a question: You can answer the questions not yet answered in eduladder.How to answer a question
Career: Work or do your internship with us.Work with us
Create a video: You can teach anything and everything each video should be less than five minutes should cover the idea less than five min.How to upload a video on eduladder