- An nameless developer has launched a brand new blockchain token normal, DN404.
- The brand new normal is reported to resolve the complexities of the newly fashionable ERC404 normal.
- Based on a staff consultant, DN404 handles all of the logic, storage, and permissions, however solely exposes the ERC20 interface.
Nameless developer staff introduced Launch of latest blockchain token normal DN404. In a submit on X (previously Twitter), a consultant of the staff stated that the brand new protocol goals to unravel important points arising from the newly fashionable “ERC404” token.
Based on an nameless staff consultant, ERC404 combines the performance of ERC20 and ERC721. Nevertheless, the shared performance between the 2 requirements introduces complexities that expose the design to important vulnerabilities. The staff consultant identified that the ERC404 normal differentiates which token path to make use of (ERC20 or ERC721) based mostly on the quantity, and the protocol can’t know that.
ERC404 was launched by the Pandora staff on February 2nd as a token normal that permits NFT components to be cut up and mixed at will. Customers had been additionally in a position to run new purposes akin to NFT indexes, tokens with altering provide, and dynamic NFTs.
A consultant from the DN404 growth staff defined that the brand new token normal solves the recognized issues by separating the performance of the ERC20 and ERC721 requirements into separate contracts. Based on the rep, DN404 handles all of the logic, storage, and permissions, however he says solely the ERC20 interface is uncovered. He cited the introduction of the DN404Mirror, which he described as an ERC721 interface that acts as a pass-through and “delegates all of the logic to the DN404, however emits its personal occasions.”
Based on the individual in command of the DN404 growth staff, “We succeeded in returning every thing to its unique state.'' The brand new normal permits ERC20 and ERC721 to exist and performance as standalone contracts. Nevertheless, it’s performed internally and runs on a shared 404 rail.
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