Nervos Launches ‘Safer’ Alternative to Ethereum Token Standard ERC-20

[Galaxy]

Ethereum competitor Nervos Network has just released the Simple User Defined Token (SUDT) standard. It's like Ethereum's ERC-20, but less buggy, says Nervos.
It’s been a year since Nervos Network, a scalable proof-of-work blockchain released its mainnet Lina. To celebrate the anniversary of its Ethereum-like network, the company today announced it’s launching a native token standard: the Simple User Defined Token (SUDT). Just like the ERC-20 standard for Ethereum, it allows anyone to create and issue new tokens on Nervos’s blockchain.

“SUDT is designed to compete with Ethereum’s ERC-20, especially in DeFi use cases,” Cipher Wang, Nervos’s Head of Product told Decrypt.
Info link: https://decrypt.co/48538/nervos-network-sudt-ethereum-token-erc-20