Ethereum standards are technical specifications that govern the behavior and functionality of tokens and smart contracts on the Ethereum blockchain. These standards, like ERC-20 for fungible tokens or ERC-721 for non-fungible tokens, ensure interoperability and consistent development practices. They provide a common framework for building decentralized applications and digital assets. Adherence to these guidelines facilitates ecosystem cohesion.
Context
The discussion surrounding Ethereum standards constantly involves their evolution and the proposal of new specifications to address emerging needs. Their situation is one of continuous refinement to enhance efficiency, security, and scalability. A critical future development includes the adoption of standards that further improve cross-chain communication and layer-2 solutions, expanding Ethereum’s utility.
New refinement framework shifts to a "specification is law" paradigm, enabling safe, formally verified contract upgrades while preserving essential properties.
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