A standard is an established norm or requirement that provides a basis for agreement. In technology, standards ensure interoperability and consistency across different systems and applications. They are crucial for the widespread adoption and reliable functioning of digital ecosystems.
Context
The establishment and adherence to standards are critical for the development of a cohesive digital asset market. Discussions frequently revolve around the creation of industry-wide standards for token issuance, security protocols, and data reporting. The absence or divergence of standards can lead to fragmentation and hinder broader market participation.
This Ethereum standard establishes a unified framework for real-world asset tokenization, streamlining cross-asset interaction and reducing architectural complexity.
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