Dynamic meta-data:<\/strong> The ERC-721 token standard uses static metadata that gets built within a smart contract. Whereas, the ERC-1155 token standard has the ability to maintain innumerable amounts of Uniform Resource Identifier or URI codes.\u00a0<\/span><\/li>\n<\/ul>\nERC 1155 VS ERC 721: Which One Is The Future Standard For Tokens?<\/b><\/h3>\n
Although ERC-1155 is quickly gaining popularity due to the low gas fee and transaction time, ERC 721 standard will also not be soon forgotten. The ERC 721 and ERC 20 are perfect for releasing individual non-fungible and fungible tokens, respectively. <\/span><\/p>\nWhereas, the ERC 1155 standard is perfect for releasing several tokens at the same time, along with the ability to add fungible and non-fungible tokens in it. The only drawback of ERC-1155 is that it stores less robust information in order to save time and transaction costs. <\/span><\/p>\nTherefore, ERC 1155 standard will continue to rise in the future for releasing a collection of tokens, and traditional standards will be perfect for individual tokens.\u00a0<\/span><\/p>\nFAQ<\/b><\/h3>\n
Q: Which is the best wallet for storing ERC-721 or ERC-1115 tokens?<\/b><\/p>\n
A: <\/b>Metamask is perfect for users looking for a digital wallet that can be accessed via their browser. On the other hand, L<\/span>eger<\/span> is a popular hardware wallet used by users to store information offline.\u00a0<\/span><\/p>\nQ: Who has made the ERC 1155 standard?<\/b><\/p>\n
The ERC 1155 is developed by Witek Radomski, co-founder of Enjin, to introduce a new token standard for Ethereum-based video game assets.\u00a0<\/span><\/p>\nMyonlinesecurity.co.uk(c).<\/p>\n","protected":false},"excerpt":{"rendered":"
ERC-20, ERC-721, and ERC-1155 are token standards used for deploying smart contracts on a blockchain. These standards include…<\/p>\n","protected":false},"author":8,"featured_media":27606,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"default","_kad_post_title":"default","_kad_post_layout":"default","_kad_post_sidebar_id":"","_kad_post_content_style":"default","_kad_post_vertical_padding":"default","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[49],"tags":[],"taxonomy_info":{"category":[{"value":49,"label":"Non Fungibles"}]},"featured_image_src_large":["https:\/\/myonlinesecurity.co.uk\/wp-content\/uploads\/2023\/01\/ERC-721-Vs-ERC-1155-Benefits-And-Difference-From-ERC-721-Standard.png",740,416,false],"author_info":{"display_name":"Darrel Heers","author_link":"https:\/\/myonlinesecurity.co.uk\/author\/darrel-heers\/"},"comment_info":144,"category_info":[{"term_id":49,"name":"Non Fungibles","slug":"non-fungibles","term_group":0,"term_taxonomy_id":49,"taxonomy":"category","description":"","parent":0,"count":21,"filter":"raw","cat_ID":49,"category_count":21,"category_description":"","cat_name":"Non Fungibles","category_nicename":"non-fungibles","category_parent":0}],"tag_info":false,"_links":{"self":[{"href":"https:\/\/myonlinesecurity.co.uk\/wp-json\/wp\/v2\/posts\/27994"}],"collection":[{"href":"https:\/\/myonlinesecurity.co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/myonlinesecurity.co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/myonlinesecurity.co.uk\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/myonlinesecurity.co.uk\/wp-json\/wp\/v2\/comments?post=27994"}],"version-history":[{"count":5,"href":"https:\/\/myonlinesecurity.co.uk\/wp-json\/wp\/v2\/posts\/27994\/revisions"}],"predecessor-version":[{"id":29919,"href":"https:\/\/myonlinesecurity.co.uk\/wp-json\/wp\/v2\/posts\/27994\/revisions\/29919"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/myonlinesecurity.co.uk\/wp-json\/wp\/v2\/media\/27606"}],"wp:attachment":[{"href":"https:\/\/myonlinesecurity.co.uk\/wp-json\/wp\/v2\/media?parent=27994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/myonlinesecurity.co.uk\/wp-json\/wp\/v2\/categories?post=27994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/myonlinesecurity.co.uk\/wp-json\/wp\/v2\/tags?post=27994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}