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davie
@daviejpg
brain dump of the night: summaries stuff that i need/plan to dig into... erc404, dn404, brc20, runes ✨
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davie
@daviejpg
✨erc404:✨ a blend of fungible + non-fungible tokens, creating a semi-fungible category allowing for fractional ownership of nfts * could revolutionize how we interact w/ digital assets, making it easier to trade + own parts of an nft * pandora, the first token to use erc404 went 120x - bigly hype market interest
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davie
@daviejpg
✨dn404:✨ addresses critical vulnerabilities found in the erc404 standard, which attempted to combine erc20 and erc721 functionalities * the erc404 approach led to security risks, notably through the transferFrom function, which could be exploited to trade token dust for multiple nfts
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davie
@daviejpg
✨dn404:✨ * dn404 separates erc721 and erc20 functionalities into distinct contracts to ensure clarity and security in transactions while maintaining compatibility with DEXs highlighted threads: https://twitter.com/0xQuit/status/1757162239637737494 https://twitter.com/0xCygaar/status/1757136657286119916
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davie
@daviejpg
✨brc20 and runes:✨ kind of... not new news but this is a token standard aims to bring erc-20-like functionality to the bitcoin blockchain * underscores the ongoing quest to expand bitcoin's utility beyond a pure currency * runes -> can make unique, token-like structures, pushing boundaries of bitcoin's capabilities
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davie
@daviejpg
✨runes:✨ offer a smarter, more efficient way to handle fungible tokens directly on bitcoin's blockchain * aim to fix the issues of other token standards like brc20 by sticking close to bitcoin's roots with utxo-based txns - LEADS TO less clutter and a leaner blockchain, making every bitcoin transaction smoother
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