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Pandora: is developing ERC-404 V2.1 version, which may significantly reduce Gas fees

2024-02-13 20:16:52

ChainCatcher message, the ERC-404 project Pandora posted on platform X stating that it is currently developing the ERC-404 V2.1 version. The gas cost testing data after operation shows that compared to the previous ERC-404 V1 version, the new version's minting and transfer gas costs may be significantly reduced, specifically:

  • Minting gas fee reduced by approximately 28%;

  • Transfer gas fee reduced by approximately 50%;

In addition, the gas fee for burning tokens has increased by about 80% (due to the reuse of token IDs, which is expected).

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