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Crypto Developers Unveil Opponent ERC-404 Implementation Named DN-404

On the 2nd of this month, the Pandora team introduced the DN-404 token standard while endeavouring to get the same results with increased efficiency.

ShahZaib Ahmed

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A set of cryptocurrency developers have recently unveiled an alternative implementation of the tentative ERC-404 token standard. On the 2nd of this month, the Pandora team introduced the DN-404 token standard while endeavouring to get the same results with increased efficiency. The purpose of the respective project is to combine the ERC-20 tokens as well as the non-fungible tokens.

A Set of Crypto Developers Offer DN-404, a Substitute Implementation for ERC-404

The wide concept deals with the provision of the non-fungible tokens’ native functionalization. In this respect, the new endeavour enables them to get split apart. In addition to this, it also makes it easy to bring them back together whenever there is a need. However, it may pave the way for some likely notable side effects. They take into account the return of non-fungible tokens in a likely different way.

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Nonetheless, the tokens had a huge effect on the transfer charges on Ethereum. While responding to this, the opponent developer group estimated that they could develop a more effective implementation. As per them, the respective endeavour would have a significantly lesser effect. On the 12th of February, they introduced DN-404 with an assessed 20% decrease in the transfer fee influence.

The New Project Includes Both ERC-20 and ERC-721 as Standalone Contracts

A developer among them stated that ERC-404 promised to make a single contract acting both as a fungible token and NFT. Nonetheless, it reportedly cannot be fulfilled without breaking standards and exploits. As per the developer, the new approach utilizes 2 contracts ERC-20 as a “base” and ERC-721 as a “mirror.”

Hence, the separation of these two features into distinctive contracts could reportedly minimize issues. Both the contracts ERC-20 and ERC-721 operate as standalone products, as per another developer backing the project. The developers signified that the code involves a certain level of risk as it is unaudited.

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