Ethereum to Simplify Cross-Chain Transactions with New Token Standards
Ethereum developers are working on two new token standards—ERC-7930 and ERC-7828—to streamline cross-chain transactions and improve blockchain interoperability. These standards aim to resolve the fragmented user experience caused by inconsistent address formats across wallets, decentralized applications (DApps), and smart contracts.
Why Ethereum Needs Better Cross-Chain Standards
Currently, Ethereum’s multi-chain ecosystem suffers from a lack of standardization, leading to confusion and errors when users interact with different blockchains. Wonderland, a DeFi-focused development organization, highlighted this issue in a recent post, stating:
“There’s no standard way for wallets, apps, or protocols to interpret or display this information. The result? A messy, inconsistent experience that breaks cross-chain UX.”
To address this, Ethereum developers are introducing two complementary standards:
- ERC-7930: A machine-friendly, binary format for interoperable addresses.
- ERC-7828: A human-readable layer that simplifies cross-chain interactions using formats like address@chain.
How ERC-7930 and ERC-7828 Work Together
ERC-7930 is designed for protocols and smart contracts that require a unified address format across multiple blockchains. Meanwhile, ERC-7828 enhances usability by allowing users to specify the target blockchain directly in the address format (e.g., 0x123…abc@ethereum).
Teddy, a developer from Wonderland, explained:
“The target audience for ERC-7828 is anything that interacts with humans. It’s the text layer.”
This dual approach ensures that both machines and users can seamlessly navigate cross-chain transactions without confusion.
Benefits of the New Standards
The proposed standards offer several advantages:
- Reduced Errors: Prevents users from sending assets to the wrong blockchain.
- Simplified UX: Eliminates the need to manually switch networks in wallets.
- Enhanced Interoperability: Enables smoother interactions between Ethereum and Layer 2 solutions.
What’s Next for Ethereum’s Cross-Chain Future?
With these standards expected to be finalized soon, Ethereum is taking a significant step toward a more interconnected blockchain ecosystem. Developers are actively seeking feedback via the ETH-Magicians forum to refine the proposals before implementation.
As cross-chain transactions become more prevalent, these standards could set a precedent for other blockchain networks, further solidifying Ethereum’s role as a leader in decentralized interoperability.
Final Thoughts
The introduction of ERC-7930 and ERC-7828 marks a crucial development in Ethereum’s evolution. By standardizing cross-chain interactions, Ethereum is paving the way for a more seamless and user-friendly multi-chain future.
Want to stay updated on Ethereum’s latest developments? Follow Wonderland and participate in the ongoing discussions to shape the future of blockchain interoperability.
