ERC223

1. Summary

Ranks

Liquidity

-

Developer

-

Social

12

Momentum (beta)

0

Stack Rank™

-

Price

$0.000013370000 0.0%

Market Cap

$0.00 (#12188)

Supply

/

Tags

Number

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Price
52W High price	$0.000017800500
52W High date	3rd Nov 2021 (3 years ago)
All Time High (ATH) Date	18th Dec 2024 (5 months ago)
All Time Low (ATL) Date	18th Dec 2024 (5 months ago)

Supply & Trading Volume

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Description

ERC223 Token Standard

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ERC223 Token Standard

ERC223 is an improvement over the ERC20 standard. It enhances the functionality of tokens by adding features that rectify several issues.

Key Features and Advantages:

• Resolves the problem of accidentally losing tokens when sent to contracts that do not support them
• Reduces gas consumption by almost half compared to ERC20
• Provides backward compatibility with ERC20 tokens, making it universally supported
• Simplifies the user experience by allowing assets to be sent via a single transfer function
• Enhances security by preventing token transfers to contracts that do not explicitly support receiving tokens
• Improves developer control by allowing management of incoming token transactions on contracts
• Reduces network congestion by minimizing unnecessary gas fees
• Provides a straightforward conversion mechanism from and to ERC20 tokens without costs or restrictions

ERC223 standard offers a more efficient and secure way to manage tokens on the Ethereum network.

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