Skip to content
Smart Layer Network

Introduction to Development

Before creating a Tapp, let’s understand the technologies behind it:

What is ERC-5169

ERC-5169 is a new standard for Ethereum tokens that introduces executable scripts, making tokens more than just digital assets. They can now have their own logic and behavior, becoming dynamic entities. More info is available on Ethereum’s GitHub.

Regular token compared to a 5169 enabled token diagram

The Potential of ERC-5169

ERC-5169 allows for dynamic and interactive tokens, enhancing their functionality. Examples include:

  1. MiniDapps for Single Tokens: Decentralized apps for specific game tokens, enabling in-game purchases, trades, or character upgrades.
  2. Browser Wallet TIPS Scripts: Scripts ensuring Trust, Interoperability, Privacy, and Security for tokens in browser wallets.
  3. Contract Function Scripts: Scripts allowing users to use advanced smart contract functions like ‘minting’ new tokens.
  4. Hardware Wallet Extensions: Scripts enhancing hardware wallets like Ledger to interact with specific DApps or support new tokens.
  5. IOT Control Scripts: Scripts enabling control of Internet of Things devices, like smartlocks, using tokens.

These features show ERC-5169’s potential in web3, enhancing token utility and interactions.

Importance of ERC-5169

ERC-5169 is vital for Ethereum and web3, turning tokens into smart entities with expanded functions. It fosters more complex token interactions, enhancing adoption and integration in web3. It also boosts security and privacy, as tokens handle their own logic.

ERC-5169 and TokenScript

TokenScript is a framework for defining token behavior. Combined with ERC-5169, it allows creating smart tokens that interact dynamically with services and platforms.

Smart Token Labs’ Vision

Smart Token Labs, behind ERC-5169 and TokenScript, aims to make tokens the integration layer for an innovative internet. They’re developing a Smart Layer for blockchain-web service integration, enhancing privacy and functionality using TokenScript.

In summary, ERC-5169 is a groundbreaking development for Ethereum, enabling smart, interactive tokens that could revolutionize web3.

Reference

What is TokenScript

TokenScript is a JavaScript / XML framework for blockchain token which creates a user-interface layer between a blockchain, APIs and user devices.

TokenScript allows token issuers and other trusted authorities to enrich a given token with a wide set of information, rules and functionalities. With TokenScript wallets and webservices can easily, securely and privately implement a token with all its functions, both onchain and offchain, without the need to understand the underlying smart contract.

You can learn more about TokenScript framework using the documentation here.