Everscale Deep Tech: Exploring the TIP-3 Token Standard.

28 Jul 2023, 21:08
Everscale Deep Tech: Exploring the TIP-3 Token Standard📱 Our latest Deep Tech article invites you to find out about TIP-3 – the token standard that Everscale and Venom contracts use today. ⚙ Asynchronous blockchain architecture assumes that all the components are adapted for parallel computing. That means the ERC-20 protocol cannot be taken as a basis, as transaction processing would be limited to validation by one node. A distinctive feature of the TVM standard is that user balances and token operations are moved outside the parent contract that stores the token data. Thanks to this, Everscale achieves asynchronous execution of token transactions and validation with multiple nodes. 🗂 What’s more, the TVM standard partly solves the urgent problem of endless data accumulation in the blockchain, which will become more serious in older blockchains as user numbers grow. Learn more about the TIP-3 standard in the new article 📰 #DeepTech #Analysis #Blockchain