Based on the Ethereum blockchain decentralized protocol Uniswap has published a new standard for creating lists of ERC20 tokens.
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The so-called Token Lists initiative is aimed at improving discoverability and trust in ERC20 token lists in a manner that is inclusive, transparent, and decentralized, the Uniswap developers said in an official announcement.
Token Lists follow a standard JSON schema and can be hosted publicly on ENS, IPFS, and HTTPS.
The initial launch includes:
- An ERC20 token list standard;
- A homepage and list browser at tokenlists.org;
- A community forum at community.tokenlists.org;
- Lists from CoinMarketCap, Coingecko, Dharma, Zerion, Kleros TCR, Defiprime, Compound, Aave, Synthetix, UMA, 1inch, and Roll.
After massive influx of scam tokens, the developers decided to create a decentralized governance system as a gatekeeper, with the hope that this governance system will be fairer than the gatekeepers that came before it.
"Most projects opt for the easiest and most practical solution: maintaining a list supported by their own reputation," the developers said.
Previously, iHodl reported that Uniswap became the largest gas supplier on the Ethereum blockchain network, overtaking the USDT stablecoin issuer — Tether.
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According to ETHGasStation, Uniswap now consumes over 30,000 ETH, while Tether consumes approximately 25,500 ETH.