Lately its become hard to justify the transaction fees for moving small amounts of value across the Ethereum ecosystem.
ERC777 is coming and should help solve this dilemma for small fry such as myself!
ERC777 is a smart contract standard implementing a variety of enhancements that represent improvements/efficiencies versus the ERC20 standard. The end result of these improvements should be more secure contracts interacting more efficiently with Ethereum’s main chain.
Tried sending an Ethereum transaction at reasonable cost lately? Don't, its not getting through. It's the digital equivalent of using gas to light a bonfire instead of drive a car.
When implemented, the money ERC777 will save users on transactions fees will help justify small volume transaction again by reducing gas usage. While increasing your confidence in the security of your funds as they move through the Ethereum ecosystem.
Plus, it will be possible for ERC20 tokens to upgrade to this standard as well and many appear interested in doing so.
Check out A New Advanced Token Standard for a full review of the technical advancements of ERC777.
