Ethereum to overhaul ERC-20 token standard to become more confidential
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As its update revealed, the confidential framework offers four unique features for developers. The first is the privacy focus for concealed balances. Then, developers can access risk management tools to view and transfer rules for programmatic risk management. The Circle Research and Inco Network framework will also offer developers diversity. Developers can create diverse applications ranging from payroll to supply chain using the confidential ERC-20 provision. Lastly, the new proposal will form a technological backbone that utilizes Fully Homorphobic Encryption within EVM dApps.Despite ranking as the first blockchain network for smart contracts, Ethereum has continued to innovate.
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