#ETH
The Ethereum ecosystem has ushered in a new cross-chain standard ERC-7683, which was led by Uniswap
The Ethereum ecosystem has made significant progress recently. The new cross-chain intention standard ERC-7683, jointly developed by Uniswap and AcrossProtocol, is about to be released. This new standard aims to simplify the cross-chain transaction process, solve liquidity and filler network scheduling problems, and bring users a more convenient and low-cost cross-chain experience.
The core advantages of ERC-7683 include:
1. **Standardized transaction interface**: Defines the CrossChainOrder and ResolvedCrossChainOrder structures to achieve interoperability between different blockchain systems.
2. **Shared filler network**: Through the bidding mechanism, multiple fillers compete to provide the best quotes and execution paths.
3. **Automated processing**: Users only need to specify the transaction intention, and the system automatically completes the cross-chain operation, reducing costs and improving user experience.
4. **Secure fund custody**: Adopt a standardized verification mechanism to ensure that funds are released to fillers only after the transaction is successful.
The launch of ERC-7683 is expected to inject new vitality into Ethereum DeFi projects. Project parties such as Optimism have expressed high expectations for this, hoping that this standard can liberate liquidity and bring new vitality to the on-chain ecosystem. At present, ERC-7683 is still in the review and discussion stage and is expected to be officially implemented after further improvement. Uniswap and AcrossProtocol plan to hold an exchange meeting in the near future, at which time they will share more details and practical applications of ERC-7683.
The proposal of this cross-chain intention standard not only brings users a better cross-chain experience, but also provides new impetus for the prosperity and development of the entire Ethereum ecosystem. With the continuous advancement of cross-chain technology, the future of the Ethereum ecosystem will be even more worth looking forward to.
