ERC 1155 is hotly demanded and the smart contract is expanded and they include the multi-token.
Without solidity experience, you can easily and quickly deploy the advanced token standard. Creating your own ERC 1155 you may need to log many hours of research, trial, and practice for your heavy lifting. Now you can easily create, transfer, mint, and burn multiple tokens using a single API call. And also do powerful batch operations like batch minting, batch transferring, and also batch burning because of their unique functionality.
ERC-1155 Token:
The ERC-20 token is a fungible token that has some fixed supply. This is taken from the top and nowadays this is used as a digital currency. The ERC-721 tokens are non-fungible tokens and it has some unique ID and this is used to create a kind of digital collectibles.
You can easily mint multiple tokens whether you have a unique ID. Create both digital collectibles which are unique and it has some properties of fungible tokens when you open the door it shares some ownership, wide range application and also it has some gaming features.
The batch operations allow us to save some gas fees. They efficiently transfer, mint, and burn their multiple tokens; it has been quite complicated to do the work with ERC-721.
Work and The Function:
In the complex blockchain, the API allows quickly and effectively in the blockchain operation. Normally it takes some hours or days now the effort is so easy you can do it in seconds with the normal minimal coding.
Now with the ERC-1155 token support (Ethereum, Binance Smart Chain, etc.) the APIs are across the 3 blockchains. Did you change the name of the chain in the call?.
Create:
- The smart contract is ready to use, audited, and also standardized. The first thing is to create your multi-token in the smart contract.
Mint:
- Mint: Deploy a smart contract and this is the time to mint out the tokens.
- Batch Mint: By using one call except for the thing which is you can’t mint multiple tokens.
Transfer:
- Transfer: This makes your token individual and you can send it into your wallet.
- Batch Transfer: It can reduce the gas fees which is especially used in the ethereum and also you can send multiple tokens with one call.
Burn:
- Burn: Using this call you can easily destroy the individual token.
- Batch Burn: The same as above.
Get:
- Get Contact Address: The address of the blockchain is ERC-1155 in the smart contract.
- Get Transaction: Using hash you can get a multi-token transaction.
- Get Multi Token Account Balance: By using this call you can return their token IDs and also get some multi tokens.
- Get Multi Token Metadata: This call is used to get the metadata of multi tokens.
