What Problem Does the ERC20 Standard Solve (ERC20 Heco)

The ERC20 standard solves what problems in the blockchain industry. The ERC20 standard is one of the most commonly used public chain specifications in blockchain projects. Currently, several well-known projects have adopted this consensus mechanism. However, due to the incompatibility of the ERC20 standard with other mainstream protocols in the Ethereum ecosystem (such as DAG, ERC-20, etc.), developers still hope for this standard without considering other specific technical solutions, such as cross-chain communication or smart contract platforms.

With more and more projects using ERC20 for development and deployment, developers are starting to shift their development strategies to ERC20 and trying to solve some problems: namely, how to easily implement applications based on the ERC20 standard in the right environment, and provide users with a convenient and efficient use case. In addition, ERC20 introduces some new features, such as a layer for verifying data credibility (Proof-of-Stake layer) and a layer for verifying transaction data availability and storage (Data Enclave Layer), as well as a technology stack layer that allows sending messages between individual applications. (Mars Finance Official Account @ Mars Finance_Crypto News)

ERC20 Heco

Based on Heco, ERC20 has started its v1 version deployment work after its launch on the ERC20 mainnet.

It is reported that ERC20 is a cross-chain decentralized exchange (DEX) developed and launched by Huobi ECO Chain (HuobiECOChain), which is fully compatible with EVM and the Ethereum virtual machine.

ERC20 supports liquidity mining, one-way perpetual contracts, and other business scenarios, and provides users with leveraged lending products and services with executable price curves without pre-staking or allocating tokens.