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Ethereum developers release a new initiative to simplify cross-chain transactions

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A group of leading developers and leaders of Ethereum released Wednesday a new framework that would simplify and criteria for transferring cross-chain token transfers.

The initiative, called The Open Intents Framework (OIF), was kicked by contributors from the Ethereum Foundation and supported 25 projects including teams that build layer-2s such as Arbitrum, Optimism, Zksync, and scroll, according to a press release shared with CoinDesk.

The purpose of the initiative is to bring “wishes” to all corners of the Ethereum ecosystem, which is a technological feature Lets a blockchain user achieve a specific goal By asking an intermediary to fulfill that goal (such as a trade or transaction they want to make.)

There are several outside standards trying to make cross-chain transactions easier by using intentions. ERC-7683, introduced by the team behind the decentralized exchange of uniswap and the entire protocol, is One of those standards The Ethereum space spinning only -just, and the break -up must address and allow more chains to the Ethereum ecosystem to interoperate.

But the OIF team claims that they will build that standard through their framework that allows the intent in functioning in size. “By offering a shared coordination of infrastructure and implementation, the OIF produces intention-based transactions without permission, efficient, and accessible for all projects,” the statement said.

“While the Ethereum ecosystem becomes more multichein, wishes help streamlined user experience fragments by enabling seamless, close to instant cross-chain transactions by Specialized solver, however, the integration of intentions remains complex and intensive resources, making an open framework of intent that is important to standardize infrastructure, Reduce obstruction to adoption, and promote greater cooperation with the entire ecosystem, “the team is shared with CoinDesk.

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