#ETHCrossed2500

Ethereum would simplify cross-chain transactions with new token standards

Ethereum developers propose ERC-7930 and ERC-7828 to unify address formats across chains (cross-chain) and improve user experience (UX) across multiple chains.

Ethereum would simplify cross-chain transactions with new token standards

News

Ethereum developers are working to improve blockchain interoperability with two new token standards: ERC-7930 and ERC-7828.

"There is no standard way for wallets, applications, or protocols to interpret or display this information," wrote the decentralized finance (DeFi) ecosystem development organization Wonderland in a post on X on May 1st. Wallets, decentralized applications (DApps), block explorers, and smart contracts follow different rules.

"What's the result? A messy and inconsistent experience that breaks the UX across chains," stated Wonderland.

Wonderland is a group of developers, researchers, and data scientists focused on improving Ethereum's DeFi ecosystem. The organization has partnered with multiple DeFi protocols, including Optimism, Aztec, Connext, and Yearn.

Developers

Explanatory post from Wonderland on ERC-7828 and ERC-7930. Source: Wonderland

In the post, the organization shared what was discussed in a recent call from the Ethereum Foundation's interoperability working group. Teddy from Wonderland explained that the current goal is to finalize both token standards in the next two weeks. He added:

"We urgently need feedback on the ETH-Magicians forum."

Something for people, something for bots

Wonderland explained that "ERC-7930 defines a compact and binary format for interoperable addresses." This format is machine-friendly and optimized for protocols that require a single representation for all blockchains.