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Features of ERC-1155 tokens
Features of ERC-1155 tokens
ERC-1155 allows users to send several tokens in one single transaction. This allows them to save up on costs and time. By using this standard, you will be able to build Atomic Swaps with the same design as well. This can help you exchange one kind of token for another with absolute security from fraud and no intermediate party involved.
This standard follows a very strict set of rules. By sending a token to an address, the tokens will perform a deterministic smart contract function. For example, if you send a token to a DEX exchange address, the exchange could immediately return another token back to the sender’s address. Similarly, if a blockchain game receives an ERC-1155 token from a user will execute a game feature. Without needing to access ABIs or communicate with the smart contract directly, tokens could be wrapped, transformed, designed, or escrowed.
A user can now point to an infinite number of token URIs without storing any additional data on-chain by using the substitution string “{id},”. This string can also be used inside the JSON itself to automatically link to imagery for each token. As a result of this, the Developers’ overhead for displaying metadata for large sets of tokens is greatly reduced.
Since token information is specified in JSON format, localization for multiple languages is now possible using {locale}. Alternate versions of token names, images, and any other data can be displayed in wallets and applications that support multiple languages.
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