Web3 researcher Stacy Muur analyzes opportunities ERC-5169 might unlock for Ethereum (ETH)
Unveiled in May 2022, the novel Ethereum proposal is set to enable the creation of a completely new type of tokens with previously unseen functionalities. Familiar assets on Ethereum and other EVM blockchains will be upgraded to small decentralized applications.to help locate executable scripts linked to tokens. As such, cryptocurrency tokens will be able to have advanced functionality thanks to third-party scripts from their issuers.
Also, developers can use this concept to create browser add-ons or automated security instructions, the researcher added.The experience of using token-script designs with URI can be compared to the usage of"smart keys" while opening doors:
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