Crypto analyst and influencer Tyler Swope is looking at two altcoins that he believes are ready to erupt thanks to a game-changing Ethereum standard.
In a recent episode of Chico Crypto, Swope introduces a new token standard in the Ethereum blockchain known as the ERC-677. According to the crypto influencer, ERC-677 is the new and improved version of ERC-20, which is the technical standard for tokens running smart contracts on Ethereum.
ERC-677 works with ERC-20 tokens and has additional features such as transfer and call functionalities. These features can help expand the application of smart contracts by allowing tokens to be transferred to a contract, which will then trigger a set of guidelines outlining how to respond to the receiving tokens within the transaction.
Swope says the new Ethereum standard may serve as a fundamental catalyst for the growth of Chainlink (LINK).
“Chainlink is in the know. Steve (Ellis) said what Chainlink was