2024

Pandora

A faction of crypto developers has introduced an alternative to the experimental ERC-404 token standard, named DN-404, focusing on enhanced efficiency and reduced transaction fees. 
Launched on February 2 by the Pandora team, the ERC-404 standard aimed to revolutionize the market by merging the functionalities of ERC-20 tokens and NFTs, facilitating the native fractionalization of NFTs. This innovative approach allowed for NFTs to be divided and reassembled, albeit with potential implications on the uniqueness of the reconstituted NFT. 
The original ERC-404 initiative, however, had a pronounced impact on <a href="https://crypto.ro/en/cryptocurrencies/ethereum/">Ethereum’s</a> network fees, leading to an uptick in transaction costs across the board. Addressing this issue, the rival developers group has proposed DN-404, a refined version released on February 12, promising a 20% reduction in transaction fee impacts. 
<img decoding="async" src="https://pbs.twimg.com/media/GGKaeeeacAAsjcF?format=jpg&amp;name=small" alt="Image" title="Developers unveil DN-404 to streamline ERC-404 standard with reduced fees 21"> 
DN-404 segregates its structure into two distinct contracts, a “base” ERC-20 and a “mirror” ERC-721, aiming to mitigate the complexities and potential security risks inherent in the original single-contract system. 
This division intends to streamline the hybrid token’s functionality, ensuring that both the ERC-721 and ERC-20 elements operate independently yet cohesively, leveraging a shared 404 framework. 
The team behind DN-404, including developers known as <a href="https://twitter.com/0xCygaar/status/1757136657286119916" rel="nofollow noopener" target="_blank">cygaar</a> and quit, caution that their code remains unaudited, presenting certain risks. 
https://twitter.com/0xQuit/status/1757162239637737494 
They underscore that, despite the experimental nature of ERC-404, there exists a continuous interest in its application, motivating them to develop a more efficient and secure variant.

Developers unveil DN-404 to streamline ERC-404 standard with reduced fees

crypto.ro global

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