BEP-1155 Definition - Glossary

BEP-1155 is a Binance Smart Chain token standard allowing efficient multi-token management and transactions.

BEP-1155 is a token standard on the Binance Smart Chain that supports the creation and management of multiple token types within a single contract. Unlike previous standards such as BEP-20, BEP-1155 enables both fungible and non-fungible tokens to coexist. This flexibility allows developers to create more complex applications and economies. It reduces transaction costs and network congestion by enabling batch operations. This makes it ideal for gaming, digital collectibles, and other applications requiring a variety of token functionalities. BEP-1155 enhances efficiency and expands the possibilities within the BSC ecosystem.