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Home»ALTCOIN NEWS»Ether Leeum to simplify cross chain transactions with a new token standard
ALTCOIN NEWS

Ether Leeum to simplify cross chain transactions with a new token standard

By Crypto FlexsMay 1, 20252 Mins Read
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Ether Leeum to simplify cross chain transactions with a new token standard
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Ether Rig developers are trying to improve blockchain interoperability with two new tokens standards: ERC-7930 and ERC-7828.

Defi (Decentralized Finance) Ecosystem Development Organization Wonderland said in the X POST on May 1, “There is no standard method for interpreting or displaying this information this information, with a wallet, a distributed application (DApps), a block explorer and a smart contract.

“The result? It’s a messy and unconscious experience that breaks the cross chain UX,” Wonderland said.

Wonderland is a group of developers, researchers and data scientists who focus on improving Ethereum Defi ecosystem. The organization has partnered with several Defi protocols, including optimism, AZTEC, Connext and MEGNN.

Wonderland’s ERC-7828 and ERC-7930 Posts. source: wonderland

In the post, the organization recently shared the contents discussed on the Ethereum Foundation Interoperability Working Group phone. Wonderland’s TEDDY explained that the current goal is to finish the two token standards in the next two weeks. He added:

“We need feedback for the Eth-Magicians Forum.”

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For people, for bots

“ERC-7930 defines small and binary format for interoperable addresses,” said Wonderland. This format is a machine -friendly and optimized protocol that requires a single expression for all blockchains.

ERC-7828 said, “Add a layer that can be read by using the same format as the address@chain to expand the standard so that everything is clear and simply to the user.” These two are designed to improve the experience of using Ether Leeum’s blockchain ecosystem.

Teddy said, “The audience of the ERC-7828 is everything that interacts with humans.

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Many chains, one address

In short, the proposed system allows you to specify the target blockchain when the caller sends the payment address. This includes all the addresses that can be read by a person and a machine for a machine for the application programming interface.

This setting prevents users from sending or receiving assets from the wrong blockchain to prevent encryption loss. Currently, the same address can be used in several blockchains in the Etherum ecosystem, which can lead to confusion.

With the new settings, the wallet work may be compared to the blockchain, and the address input for the user interface also determines the blockchain that is indicated by the transaction. The user reduces friction because the current wallet settings must be converted from the chain to the chain.

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