A study of the spectrum resource leasing method based on ERC4907 extension

TL;DR

This paper extends the ERC4907 standard to support multi-slot leasing and multiple users, significantly improving scalability and reducing transaction costs in decentralized NFT rental systems.

Contribution

Introduces M-ERC4907, a novel extension enabling batch multi-slot configuration and multi-user authorization for NFTs, overcoming limitations of the original ERC4907 standard.

Findings

Reduces on-chain transactions

Decreases Gas consumption

Enhances scalability and resource efficiency

Abstract

The ERC4907 standard enables rentable Non-Fungible Tokens (NFTs) but is limited to single-user, single-time-slot authorization, which severely limits its applicability and efficiency in decentralized multi-slot scheduling scenarios. To address this limitation, this paper proposes Multi-slot ERC4907 (M-ERC4907) extension method. The M-ERC4907 method introduces novel functionalities to support the batch configuration of multiple time slots and simultaneous authorization of multiple users, thereby effectively eliminating the rigid sequential authorization constraint of ERC4907. The experiment was conducted on the Remix development platform. Experimental results show that the M-ERC4907 method significantly reduces on-chain transactions and overall Gas consumption, leading to enhanced scalability and resource allocation efficiency.