According to Odaily, Uniswap Labs and Across Protocol have announced a new cross-chain intent standard, ERC-7683. The aim of this standard is to establish a unified framework for intent-based specified cross-chain operations.
The standard allows for the implementation of a standard API for cross-chain transaction execution systems. It provides a generic CrossChainOrder structure and a standard ISettlementContract smart contract interface.
This new standard is expected to streamline cross-chain operations, making them more efficient and reliable. The use of a standard API will also ensure consistency across different platforms, further enhancing the interoperability of different blockchain systems.
The introduction of the ERC-7683 standard is a significant step forward in the development of cross-chain technology. It will provide a solid foundation for future advancements in this field, paving the way for more innovative and effective solutions to the challenges faced by the blockchain industry.