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Circular has established itself in the blockchain domain, enabling frictionless transactions and seamlessly integrating into software ventures.
It boosts performance by efficiently handling commonly executed transactions.
➡ Let's discuss some CRC standards:
1️⃣ CRC-0023 Wallets:
Circular Wallets are hosted on the blockchain network and can reseed in multiple chains simultaneously. A CRC wallet is commonly identified by:
- Seed Phrase
- Wallet Address
- Wallet Private Key
- Wallet Public Key
2️⃣ CRC-0123 Native Tokens:
Circular's CRC-0123 standard defines native tokens on its blockchains, eliminating the need for smart contracts for basic functionalities.
- This bypasses the complexities of smart contract auditing and reliance on contract code, streamlining operations like transfers and swaps.
3️⃣ CRC-0223 Native NFTs:
Native NFTs on Circular operate similarly to CRC-0123 tokens, with key distinctions. Importantly, the associated URL must link to a secure location, preferably decentralized storage housing the original digital asset.
- Unlike CRC-0123 tokens, minting an NFT incurs a fee relative to its declared value, though setting this value at zero is permissible.
4️⃣ CRC-0323 Native RWAs:
The CRC-0323 standard on Circular is designed for straightforward tokenization of real-world assets (RWAs), bypassing the need for complex functionalities and smart contracts (SCs) for basic transactions.
➡ Circular aims to embed essential functionalities into the system natively.
Circular added several standards in 2023 and is currently working on more standards and functionalities.
To learn more about CRC standards, check out the following link: lnkd.in/gabB7B2a
➡ Our mission remains: Reshaping trust in critical industries.
Circular is already live on the mainnet, $CIRX will be going live on exchanges this month, and we are gearing up for the airdrops.
Follow us: @circularweb3
The Founder: @gianlucadenovi
Stay tuned for updates and airdrops.
#CircularProtocol #Web3 #blockchain #developers
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