Together, these standards aim to: - Provide a **uniform way** for wallets, explorers, dApps, and protocols to handle addresses from any chain. - Improve **user experience** by allowing the use of familiar naming systems (like ENS) in a multi-chain context. - Enhance **security** by reducing ambiguity in address representation. - Enable **composability** by providing a standard building block for cross-chain systems. - Ensure **future-proofing** through versioning and extensibility.