Token standards play a crucial role in defining the rules and guidelines for blockchain ecosystems. Mavryk introduces new token standards that will enhance integration with decentralized applications.
What are MRC Token Standards?
MRC stands for 'Mavryk Request for Comments' and provides a set of technical specifications for creating and managing tokens on the Mavryk blockchain. These standards assist developers in ensuring interoperability and facilitate the development of smart contracts and dApps.
MRC-10 and MRC-20: Core Token Standards
MRC-10 represents a basic standard for fungible tokens, providing balance tracking and transfer features. Meanwhile, MRC-20 is a unified standard supporting both fungible and non-fungible tokens, simplifying the development process.
MRC-30 and MRC-40: Specialized Standards for Real Assets and Liquidity
MRC-30 is designed for tokenizing real-world assets, allowing seamless integration and regulatory compliance. MRC-40 serves as the standard for Liquidity Provider (LP) tokens, reflecting user deposits in decentralized exchanges or lending pools.
The MRC standards are a key component in the growth of the Mavryk ecosystem, providing developers with essential tools for creating and managing tokens in the digital economy.
