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    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.

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    Justin Chan
    Dr Justin Chan founded datadriveninvestor.com, a tech application platform designed to help fund managers, individual investors and data scientists uncover outstanding sources of alpha from data. Previously, he specialized in strategy development in a number of hedge funds and served as a senior quantitative strategist at GMO. An expert in microstructure, market liquidity, and behavioral finance, Dr. Chan holds a doctoral degree from UCLA and served as a finance professor at Singapore Management University. He can be reached at justinchan@datadriveninvestor.com.