What is the meaning of the number 1155 in the context of cryptocurrency?

10 answers

• Lennart KJul 08, 2022 · 3 years ago
  The number 1155 in the context of cryptocurrency refers to a specific type of digital asset standard known as ERC-1155. ERC-1155 is a token standard on the Ethereum blockchain that allows for the creation of both fungible (identical and interchangeable) and non-fungible (unique and indivisible) tokens. This standard provides a more efficient and cost-effective way to manage and trade multiple types of assets within a single smart contract. It has gained popularity for its versatility and ability to support various use cases, such as gaming items, collectibles, and even financial instruments.
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• Tamzaiti MohamedApr 05, 2023 · 2 years ago
  When it comes to cryptocurrency, 1155 is like a Swiss Army knife. It's a versatile standard that allows developers to create both fungible and non-fungible tokens on the Ethereum blockchain. With ERC-1155, you can have a single smart contract that manages multiple types of assets, making it more efficient and cost-effective. Whether you're into gaming, collectibles, or financial instruments, 1155 has got you covered.
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• Mahammed SafeyoJul 24, 2024 · a year ago
  Ah, the number 1155, a significant figure in the world of cryptocurrency. It represents the ERC-1155 token standard on the Ethereum blockchain. This standard allows for the creation of both fungible and non-fungible tokens, making it a popular choice for various applications. With ERC-1155, developers can manage multiple types of assets within a single smart contract, providing efficiency and flexibility. So, next time you come across the number 1155 in the crypto space, remember it's all about versatility and convenience.
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• Chiara RubčićDec 03, 2021 · 4 years ago
  The number 1155 holds great meaning in the realm of cryptocurrency. It represents the ERC-1155 token standard, which has revolutionized the way digital assets are created and managed on the Ethereum blockchain. With ERC-1155, developers can easily create both fungible and non-fungible tokens, opening up a world of possibilities for gaming, collectibles, and more. This standard offers efficiency and cost-effectiveness by allowing multiple types of assets to be managed within a single smart contract. So, when you encounter 1155 in the context of cryptocurrency, know that it signifies innovation and flexibility.
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• Alejandro Castillo RamírezFeb 16, 2022 · 3 years ago
  ERC-1155, the number 1155, it's all about digital asset standardization. With ERC-1155, developers can create both fungible and non-fungible tokens on the Ethereum blockchain. It's like having a Swiss Army knife for digital assets. Whether you're building a game, launching a collectibles platform, or exploring new financial instruments, ERC-1155 provides the flexibility and efficiency you need. So, embrace the power of 1155 and unlock the potential of the crypto world.
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• Joaquin MendozaSep 30, 2020 · 5 years ago
  The number 1155 is a significant one in the cryptocurrency realm. It represents the ERC-1155 token standard, which has gained popularity for its ability to create both fungible and non-fungible tokens on the Ethereum blockchain. This standard allows for the efficient management of multiple types of assets within a single smart contract, making it a versatile choice for various applications. So, when you encounter 1155 in the context of cryptocurrency, know that it signifies a powerful tool for digital asset creation and management.
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• Chris HartJun 14, 2023 · 2 years ago
  ERC-1155, the number 1155, it's not just any number in the world of cryptocurrency. It represents a game-changer in digital asset management. With ERC-1155, developers can create both fungible and non-fungible tokens on the Ethereum blockchain, all within a single smart contract. This standard offers efficiency, cost-effectiveness, and versatility, making it a top choice for various applications. So, the next time you see 1155 mentioned in the crypto space, remember it's a symbol of innovation and convenience.
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• alitalaJul 11, 2025 · 16 days ago
  The number 1155 in the context of cryptocurrency refers to the ERC-1155 token standard. This standard allows developers to create both fungible and non-fungible tokens on the Ethereum blockchain. With ERC-1155, you can have a single smart contract that manages multiple types of assets, making it a more efficient and cost-effective solution. Whether you're into gaming, collectibles, or financial instruments, 1155 provides the flexibility you need to thrive in the crypto world.
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• Thrinath SaragadaJan 03, 2021 · 5 years ago
  ERC-1155, the number 1155, it's a game-changer in the world of cryptocurrency. This token standard on the Ethereum blockchain allows for the creation of both fungible and non-fungible tokens. With ERC-1155, developers can efficiently manage multiple types of assets within a single smart contract, reducing costs and increasing flexibility. So, when you come across 1155 in the context of cryptocurrency, remember it's a symbol of innovation and progress.
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• Birch Maxwell Lazo-MurphyDec 17, 2021 · 4 years ago
  The number 1155 is a significant one in the world of cryptocurrency. It represents the ERC-1155 token standard, which enables the creation of both fungible and non-fungible tokens on the Ethereum blockchain. With ERC-1155, developers can efficiently manage multiple types of assets within a single smart contract, making it a versatile solution for various applications. So, when you see 1155 mentioned in the crypto space, know that it signifies a powerful tool for digital asset creation and management.
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