Consider the set $F$ consisting of the single element $I$. Define addition and multiplication such that $I+I=I$ and $I \times I=I$ . This ring satisfies the field axioms:
- Closure under addition. If $x, y \in F$, then $x = y = I$, so $x + y = I + I = I \in F$.
- Closure under multiplication. $x \times y = I \times I = I \in F$
- Existence of additive identity. $\forall x \in F$ (i.e., for $x=I$), $x + I = x$, so $I$ is the additive identity.
- Existence of mulitiplicative identity. $\forall x \in F, x \times I = x$, so $I$ is the multiplicative identity.
- Additive inverse. $\forall x \in F, \exists y = I \in F: x + y = I$
- Multiplicative inverse. $\forall x \in F, \exists y = I \in F: x \times y = I$. However, because the additive identity need not have a multiplicative inverse, this is a vacuous truth.
- Commutativity of addition. $\forall x, y \in F, x + y = I = y + x$
- Commutativity of multiplication. $\forall x, y \in F, x \times y = I = y \times x$
- Associativity of addition. $\forall x, y, z \in F$, $(x + y) + z = I + I = I$ and $x + (y + z) = I + I = I$, so $(x + y) + z = x + (y + z)$
- Associativity of multiplication. $\forall x, y, z \in F$, $(x \times y) \times z = I \times I = I$ and $x \times (y \times z) = I \times I = I$, so $(x \times y) \times z = x \times (y \times z)$
- Distributivity of multiplication over addition. $I \times (I + I) = I$ and $I \times I + I \times I = I$, so $\forall x,y,z \in F, x(y+z) = xy+xz$
Based on the above, $\{I\}$ seems to qualify as a field.
If $I$ is assumed to be a real number, then the unique solution of $I + I = I$ and $I \times I = I$ is, of course, $I = 0$.
So, is {0} a field, or is there generally considered to be an additional field axiom which would exclude it? Specifically, is it required for the multiplicative identity to be distinct from the additive identity?
The short answer has already been given, that in general we do not want $1=0$. The element $I$ of the singleton set you are talking about is typically chosen to be $0$ instead, so that's why I'm using $\{0\}$ to denote the ring.
Here's one reason why the ring $\{0\}$ wouldn't make a good field:
$\{0\}^n\cong \{0\}$ for any $n$ as a "vector space," which doesn't fit very well with uniqueness of dimension for the vector spaces over other fields.
Although it is not about a bona-fide field, you might be interested in the wiki article on "field with one element". It gives motivation for an exceptional situation where it makes a little sense to think about something like a field with one element, but it isn't really a set satisfying the field axioms.
Again, the topic of the linked article in the previous paragraph is not actually a field at all, despite the name given to it. Seeing "field" and "one element" makes it tempting to conclude that $\{0\}$ is the subject of discussion (but it isn't).