Before digging in the difference between DN-404 vs ERC-404, lets first understand both the new standards generally in detail.
ERC-404 is a token standard developed maintained by Pandora team where it merges the functionality of ERC-20 token standards ERC-721 NFT standard into a single contract bringing in various use cases for Real World Asset Tokenization and other gaming use cases. In a traditional way developers will need to use a separate locker smart contract to lock the ERC-721 NFT and Mint equivalent ERC-20 tokens. This additional locker contract is reduced bringing the functionality within 1 single smart contract.
ERC-404 was the hype of crypto industry in the last two weeks. Read more about ERC-404 standard from HERE.
This week a group of ethereum developers claim that ERC-404 comparatively has not followed standards on development and introduces a different smart contract architecture addressing the same use case. Instead of having both the ERC-20 and ERC-721 on the same contract, they have separated into two individual contracts – separate erc20 contract and a mirrored erc721 smart contract. The developers are anonymous yet.
Get in touch with our firm Top Web3 Development Agency – BlockchainX for your DN-404 Development and ERC-404 Development. Comment down your questions and I’ll be happy to assist you on your project.
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