2 days ago
A radical of apical Ethereum developers and leaders released Wednesday a caller model that would simplify and standardize cross-chain token transfers.
The initiative, called the Open Intents Framework (OIF), was kickstarted by contributors from the Ethereum Foundation and is supported by 25 projects including teams gathering layer-2s similar Arbitrum, Optimism, ZKsync, and Scroll, according to a property merchandise shared with CoinDesk.
The extremity of the inaugural is to bring “intents” to each corners of the Ethereum ecosystem, which is simply a technological diagnostic that lets a blockchain idiosyncratic execute a circumstantial goal by asking an intermediary to fulfill that extremity (like a commercialized oregon transaction they privation to make.)
There are immoderate standards retired determination that are already trying to marque cross-chain transactions easier by utilizing intents. ERC-7683, which was introduced by the squad down the decentralized speech Uniswap and the Across protocol, is one of those standards circulating the Ethereum abstraction lately, and is expected to code fragmentation and let much chains successful the Ethereum ecosystem to interoperate.
But the OIF squad claims that they volition physique connected that modular done their model allowing intents to relation astatine scale. “By offering shared infrastructure and execution coordination, OIF makes intent-based transactions permissionless, efficient, and accessible for each projects,” the property merchandise said.
“As Ethereum's ecosystem becomes progressively multichain, intents assistance streamline fragmented idiosyncratic experiences by enabling seamless, near-instant cross-chain transactions done specialized solvers. However, integrating intents remains analyzable and resource-intensive, making an unfastened intents model indispensable to standardize infrastructure, trim barriers to adoption, and foster broader collaboration crossed the ecosystem,” the squad shared with CoinDesk.
Read more: 'Intents' Are Blockchain's Big New Buzzword. What are They, And What Are the Risks?
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