- Nameless builders have launched a brand new blockchain token normal, DN404.
- The brand new normal will reportedly clear up the problems of the newly fashionable ERC404 normal.
- In accordance with a group rep, DN404 handles all of the logic, storage, and permissions however solely exposes an ERC20 interface.
A group of nameless builders has introduced the launch of a brand new blockchain token normal, DN404. In a submit on X (previously Twitter), the group’s consultant famous that the novel protocol goals to unravel the vital points arising from the newly fashionable “ERC404” tokens.
In accordance with the nameless group consultant, ERC404 built-in functionalities from ERC20 and ERC721. Nevertheless, it harbors problems from capabilities shared between the 2 requirements, exposing the design to vital vulnerabilities. The group’s rep cited a state of affairs the place the ERC404 normal differentiates which token path to make use of (ERC20 or ERC721) based mostly on the quantity, noting that protocols can’t know that.
ERC404 was launched on February 2 by the Pandora group as a token normal that permits NFT fractions to be freely cut up and merged. It additionally allowed customers to execute novel functions like NFT indexes, tokens with altering provides, and dynamic NFTs.
The DN404 growth group’s rep defined that its novel token normal solves the recognized downside by separating the functionalities of the ERC20 and ERC721 requirements into distinct contracts. In accordance with the rep, DN404 handles all of the logic, storage, and permissions however solely exposes an ERC20 interface. He cited the introduction of DN404Mirror, which serves as a passthrough, describing it as an ERC721 interface that “defers all logic to DN404 however emits its personal occasions.”
In accordance with the DN404 growth group’s rep, they’ve “efficiently returned all the things to the way it needs to be.” The brand new normal permits the ERC20 and ERC721 to exist and performance as standalone contracts. Nevertheless, that occurs below the hood, the place they run on shared 404 rails.
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