A group of Ethereum developers have developed an alternative standard to ERC-404, which is currently an experimental token standard.
By Ethereum developers on February 12 introduced DN-404 (Divisible NFT-404) standard, in terms of transaction fee 20% more efficiency compared to ERC-404 standard can provide.
ERC-404, introduced by the Pandora team earlier this month. Features of NFTs with ERC-20 tokens brings it together. Although ERC-404 tokens gained popularity in a short time, they are still not optimized this standard, increase in transaction fees led.
One of the developers of the DN-404 standard, “The main concept of ERC-404 is both NFT and an ordinary token The aim was to create a single contract that could operate as a But this cannot be done without abuse and violation of standards. “Our approach uses two contracts, one ‘base’ ERC-20 and the other ‘mirror’ ER-C721.” said.
Moving towards a double contract instead of a single contract will cause fewer problems is considered. According to the developers, this method “put everything as it should be” It rotates.
The developers of the DN-404 standard believe that this is still an experimental project He emphasized that it is a problem and that attention should be paid to risks.
The article titled “There Are Never Ends of Firsts in Ethereum: This Development May Create New Coin Opportunities” was prepared by Selim Kuşçu and published on koinbulteni.com.