I understood that tokens are not stored in wallets, but instead, wallets are "watching" the blockchain for transactions related to their underlying addresses.
I also understood that ERC20, 721 and 1155 have a different underlying smart contract code with specific methods.
If I had to create a wallet and manage the deposit, the custody and the transfer of these 3 types of tokens, can this be done in a generic way, or do I have to implement a specific implementation per type of token?
Thank you for your help!
Hey hystrixcarton,
Welcome to the community!
I'd say you'd need 3 types of implementations to transfer in this case since the underline code could be different. So, one for ERC-721, one for ERC-20, and one for ERC-1155.
The functions you should be looking for would be
- Approve :
approve or setApprovalForAll
- Transfer :
transfer, transferFrom or safeTransferFrom
depending on the context.
The approval method will approve the particular token to be transferred on behalf if required.
Here are the OpenZeppelin implementations of ERC-20, ERC-721 and ERC-1155 following their respective EIP-20, EIP-721 and EIP-1155
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