ERC223

    0
    663
    « Back to Glossary Index
    Categories: Blockchain

    A more secure token standard than ERC20, reducing the chance of tokens being lost during transactions which has frequently occurred under ERC20. ERC223 solves the inability of ERC20 tokens to handle incoming token transactions for non-supported tokens. It also reduces the current two-step transaction process in a token transfer down to just one, allowing for less Gas to be required.

    « Back to Glossary Index
    Previous articleERC721
    Next articleHashrate
    Justin Chan
    Dr Chan founded DataDrivenInvestor.com (DDI) and is the CEO for JCube Capital Partners. Specialized in strategy development, alternative data analytics and behavioral finance, Dr Chan also has extensive experience in investment management and financial services industries. Prior to forming JCube and DDI, Dr Chan served in the capacity of strategy development in multiple hedge funds, fintech companies, and also served as a senior quantitative strategist at GMO. A published author at professional journals in finance, Dr. Chan holds a Ph.D. degree in finance from UCLA.