Datamall Chain's ERC-7585 Proposal Approved, Enhancing Ethereum Ecosystem

The Datamall Chain (DMC) development team is excited to announce the official approval of their ERC-7585 proposal, marking a significant milestone in the progress of DMC and its commitment to the Ethereum ecosystem.

The ERC-7585 proposal introduces a novel design for minimum value selection storage proofs on Merkle trees. This design comprises two key components:

1. MixHash, a new hashing algorithm intended to replace commonly used algorithms such as Keccak256 and SHA256.
2. Public data storage proofs, which enable anyone to present proofs to a public network, verifying their possession of a copy of specific public data marked by MixHash.

The proposal also delves into the practical implementation of this design across various scenarios and suggests enhancements to the ERC-721 and ERC-1155 standards.

Datamall Chain is a Layer 1 blockchain decentralized storage protocol. It has an on-chain storage service matching market and can provide fair prices for storage services in real time based on supply and demand.

With the approval of the ERC-7585 proposal, DMC is poised to contribute to the ongoing evolution and development of the Ethereum ecosystem, fostering innovation and advancements in decentralized storage solutions.