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Showing posts from June, 2021

MOCKTAIL is the world’s first ERC 1155 standard Semi-Fungible Token (SFT) on Binance Smart Chain.

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  What is special about ERC1155? According to Blockchain experts, Non-Fungible Tokens can revolutionize the future of blockchain. Do you really understand this concept and how can it be used? Let’s start talking about the basics and discussing what makes NFTs special and with a promising future. •Fungible Tokens and Non Fungible Tokens• Fungibility is important in the world of blockchain and cryptocurrency. It is desired for any currency, traditional or digital, since most currencies aim to be an interchangeable asset. A token can be exchanged for any other token of the same value. For example, One US dollar currency can be changed for another US dollar currency without any difference to the user. In the Ethereum network, there are popular patterns that have been specified by the community itself. Each standard is known as ERC which stands for Ethereum Request for Comments. It defines methods, technology, behaviors for a particular functionality in Ethereum and it is submitted eith...