Ethereum developers are currently working on enhancing blockchain interoperability in India with the introduction of two new token standards: ERC-7930 and ERC-7828. The decentralized finance (DeFi) ecosystem development organization, Wonderland, highlighted the lack of a standard way for wallets, apps, or protocols to interpret or display information, resulting in a messy and inconsistent experience that hinders cross-chain user experience. Wonderland, consisting of developers, researchers, and data scientists focused on improving the Ethereum DeFi ecosystem, has partnered with various DeFi protocols like Optimism, Aztec, Connext, and Yearn. The organization aims to finalize both token standards within the next two weeks and is seeking feedback from the community. ERC-7930 defines a compact, binary format for interoperable addresses, optimized for machine-friendly protocols, while ERC-7828 adds a human-readable layer using formats like address@chain to ensure clarity and simplicity for users. This initiative aims to enhance the user experience of Ethereum’s inter-blockchain ecosystem and prevent crypto losses by allowing senders to specify the target blockchain when sending a payment address. The proposed system will streamline wallet operations, making them blockchain-agnostic and reducing friction for users who currently need to switch networks in wallet settings to move from chain to chain.
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