Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»Cryptocurrency developers are introducing a rival ERC-404 implementation called DN-404.
ADOPTION NEWS

Cryptocurrency developers are introducing a rival ERC-404 implementation called DN-404.

By Crypto FlexsFebruary 13, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Cryptocurrency developers are introducing a rival ERC-404 implementation called DN-404.
Share
Facebook Twitter LinkedIn Pinterest Email

A group of cryptocurrency developers has released an alternative implementation of the experimental ERC-404 token standard to achieve the same result in a more efficient way.

The ERC-404 token standard was launched on February 2nd by the Pandora team with the goal of combining ERC-20 tokens and NFTs. The broad idea was to provide unique fractionalization of NFTs by allowing them to be separated and recombined at will, but this could have some interesting side effects, including potentially different NFTs being returned.

However, tokens have had a significant impact on Ethereum transaction fees, increasing fees overall. In response, this group of competing developers thought they could create a more efficient implementation with less impact.

DN-404 Introduction

On February 12, the developers released a version called DN-404. calculation Transaction fee impact is reduced by 20%.

“The premise of ERC-404 was to create a single contract that could act as both a fungible and non-fungible token. But this is not possible without introducing exploits and breaking standards,” said one developer using a pseudonym. Known as cygaar. “Instead, our approach uses two contracts: the “mirror” ER-C721 and the “base” ERC-20.”

Problems can be reduced by splitting the two elements into separate, more standard contracts. “As a result, everything returns to the way it was. “Both ERC-721 and ERC-20 contracts exist and both function as standalone products, but run internally on a shared 404 rail.” Added exitAnother pseudonymous developer behind the project.

The developers noted that the code has not been audited, so there is some risk involved. Unlike the ERC-404 initiative, they did not introduce a token-NFT hybrid using this code.

“I want to make it clear. Although I had a ton of fun making this, I still see 404 as more of a gimmick than anything else. But the space continued to show a desire to be used, so we decided it was worthwhile to create an implementation that could be used efficiently and safely,” Quit said.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin Treasury Firm Strive adds an industry veterans and starts a new $ 950 million capital initiative.

September 16, 2025

The best Solana depin project to form the future -Part 2

September 8, 2025

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025
Add A Comment

Comments are closed.

Recent Posts

Ethereum Based Meme Coin Pepeto Presale Past $6.7 Million As Exchange Demo Launches

September 21, 2025

What is the expectation of the future?

September 21, 2025

Unlock Massive Rewards And Win Big

September 20, 2025

PayPal USD is officially living in Stellar -How does XLM respond?

September 20, 2025

The FTX distributes bankruptcy $ 1.6 billion this month.

September 20, 2025

The new gold protocol of the BNB chain is due to the $ 2 million launch day nucleus.

September 20, 2025

Crypto.com integrates the SEI network to strengthen security and institution access.

September 19, 2025

Phemex Introduces On-chain Earn To Streamline Staking And Improve Capital Efficiency

September 19, 2025

“Farewell To Westphalia” Explores Blockchain As A Model For Post-Nation-State Governance

September 19, 2025

Exclusive Aster DEX Launch Drives $371 Million Trading Volume And Nearly 330,000 New Users

September 19, 2025

Bitcoin leads a fragile password rally and market brace for the final game in September

September 19, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Ethereum Based Meme Coin Pepeto Presale Past $6.7 Million As Exchange Demo Launches

September 21, 2025

What is the expectation of the future?

September 21, 2025

Unlock Massive Rewards And Win Big

September 20, 2025
Most Popular

What is the latest movement of Bitcoin, XRP Surge, Dogecoin Strugle: Crypto?

April 27, 2025

Ethereum is poised to copy XRP’s 390% rise to $7.6K.

December 7, 2024

Veteran trader Peter Brandt sees Bitcoin flashing bearish signals and warns that BTC is likely to crash below $80,000.

December 21, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.