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HTS VS ERC Standards

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Published: 06 Dec 2024 › Updated: 06 Dec 2024HTS VS ERC Standards

HTS VS ERC Standards

Unfortunately ETH has to scaffold up every token given no native token service so the analogy breaks (my opinion).

For example, if I deployed the project on ETH I would use an ERC-1155 for all the NFT collections and the Fungible Token. As a result it could be 1 approval for the user to sign to give the contract permission to interact with all tokens. Plus there would be no association step. So 2 messages (approval / interact) to sign.

By virtue of HTS - which I appreciate so very much vs standing up basic architecture every time - each minted NFT token is separate. As such if I then need to interact with my staking contract I have to ask the user to sign to grant approval of all serials of each NFT collection on top of the association step.

Net/net: it's a choice between a high friction and ultimately poor user experience, or restructuring all collections onto a single jumbo token to mimic (poorly) ERC-1155 which is a rubbish experience for other reasons.


Said differently, just because it looks like ETH in the basic case does not always make it right. I am keen to keep the benefits of HTS not force ourselves to the dark ages of rolling ERC20/721/1155 just to be more ETH like.

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