PANews reported on November 12 that Ethereum developer Paul Berg released a proposal for multiple native tokens on Ethereum, aiming to improve the user experience when transferring tokens, make native financial products easier to deploy, and increase the innovation potential of Ethereum L2 applications. The proposal, called EIP-7809, proposes to add a backward-compatible extension to the EVM, which, if approved by Ethereum's process for new proposals, will allow homogeneous tokens to operate with "native-like" properties.
ETH already operates as the native token of Ethereum, and almost all other Ethereum-based tokens are built on top of the network, but do not contain most of the same "native" features that ETH has. This limits features such as direct token transfers using opcodes and transferring multiple tokens in a single contract call. EIP-7809 introduces four new opcodes: MINT & BURN, which allow token supply to be managed by minting and destroying tokens; BALANCEOF, which is used to check token balances; NTCALL, which is used for token transfers that require a contract call; and NTCREATE, which is used to create a contract containing an upfront token deposit.
