ERC-7722: Opaque Token

How does the introduction of the tokenId in the basket definition improve the flexibility of managing multiple tokens in the same contract, and what impact does it have on the validation process?

@Bobby5424 This is for optimization purpose only in order not to have to create multiple smart contract instances.

How can the ERC-7722 standard ensure robust privacy and security for token balances while maintaining sufficient transparency and compliance for regulatory requirements in sensitive use cases like financial applications?

Update:

  • Added descriptions of events: when they must be emitted and what parameters mean
  • Added User Roles section describing the way Opaque token can be used
  • Renamed mint to issue and burn to redeem to better match terms used in regulated environments
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