What is ERC 1155?

ERC-1155 is a token standard that enables the efficient transfer of fungible and non-fungible tokens in a single transaction. Witek Radomski, Andrew Cooke, Philippe Castonguay, James Therien, Eric Binet, and Ronan Sandford proposed the new standard in June 2018 with EIP-1155. How does ERC-1155 work?

What is the difference between ERC 1155 multi token standard and _idargument?

In contrast, the ERC-1155 Multi Token Standard allows for each token ID to represent a new configurable token type, which may have its own metadata, supply and other attributes. The _idargument contained in each function’s argument set indicates a specific token or token type in a transaction. Motivation

Is erc1155 a fungible token?

Hence, it becomes non-fungible. However, a semi-fungible token standard such as ERC1155 is capable of representing both attributes. According to the Enjin blog, ERC1155 is a novel approach to defining tokens. Multiple items can be stored in a single contract with the least amount of data necessary to distinguish them from the others.

What is eip-1155 & ERC-1155?

Its provisions are defined under the EIP-1155 authored by members of the Enjin, Horizon, and Turing teams. ERC-1155 is a hybrid smart contract standard. ERC-1155 standard allows some flexibility for smart contract tokens and smart contract developers.