Topic: ERC 20 TOKEN STANDARD TO BE REPLAED BY NEW ERC223 STANDARD ??? (Read 252 times)
interesting
There is a difference among using ERC 23 coins and ERC 20 coins in the cryptocurrency industry The reasons is that ERC 23 going to have some limitations like they cannot be sent to a random contract similarly to Ethereum, only the contracts with specified ERC 23 deposits will accept ERC 23 coins limiting their potential
January 11, 2018, 05:43:37 PM
The ERC20 token standard has become famous for its role in creating new cryptocurrencies on top of Ethereum, which are usually sold to the public in ICOs (Initial Coin Offerings). In 2017, ERC20 tokens have already raised more than $1B from the public. But the ERC20 standard has several drawbacks which a new standard, ERC223, aims to repair:
1.The lost token problem - when people send funds to a contract by using the transfer function (instead of approve and transferFrom), funds are lost and cannot be retrieved. The ERC20 standard doesn’t include a refund function for these cases and the transferred tokens are lost. So far this implementation has resulted in the loss of $400,000 worth of Ether.
For example if you send 100 ETH to a contract that is not intended to work with Ether, then it will reject a transaction and nothing bad will happen. If you will send 100 ERC20 tokens to a contract that is not intended to work with ERC20 tokens, then it will not reject tokens because it cant recognize an incoming transaction. As the result, your tokens will get stuck at the contracts balance.
How much ERC20 tokens are currently lost (27 Dec, 2017):
QTUM, $1,204,273 lost. watch on Etherscan
EOS, $1,015,131 lost. watch on Etherscan
GNT, $249,627 lost. watch on Etherscan
STORJ, $217,477 lost. watch on Etherscan
Tronix , $201,232 lost. watch on Etherscan
DGD, $151,826 lost. watch on Etherscan
OMG, $149,941 lost. watch on Etherscan
STORJ, $102,560 lost. watch on Etherscan
2.Energy waste - In ERC223, token transfer is a one-step instead of two-step process, using 2 times less gas and causing less blockchain bloat.
3.Allowing developers to handle incoming token transactions - For instance, allowing to automatically return funds to source.
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WHAT IS YOUR OPINION ?? ARE THERE ALREADY SOME ICOs working on ERC223 ?? i so far know only one
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I remember mobile go was using erc223 standard compliant token but the majority of exchange sites are not supporting it and it makes exchange sites are not able to list erc233 to their exchange sites due to the technical problem. 1.The lost token problem - when people send funds to a contract by using the transfer function (instead of approve and transferFrom), funds are lost and cannot be retrieved. The ERC20 standard doesn’t include a refund function for these cases and the transferred tokens are lost. So far this implementation has resulted in the loss of $400,000 worth of Ether.
For example if you send 100 ETH to a contract that is not intended to work with Ether, then it will reject a transaction and nothing bad will happen. If you will send 100 ERC20 tokens to a contract that is not intended to work with ERC20 tokens, then it will not reject tokens because it cant recognize an incoming transaction. As the result, your tokens will get stuck at the contracts balance.
How much ERC20 tokens are currently lost (27 Dec, 2017):
QTUM, $1,204,273 lost. watch on Etherscan
EOS, $1,015,131 lost. watch on Etherscan
GNT, $249,627 lost. watch on Etherscan
STORJ, $217,477 lost. watch on Etherscan
Tronix , $201,232 lost. watch on Etherscan
DGD, $151,826 lost. watch on Etherscan
OMG, $149,941 lost. watch on Etherscan
STORJ, $102,560 lost. watch on Etherscan
2.Energy waste - In ERC223, token transfer is a one-step instead of two-step process, using 2 times less gas and causing less blockchain bloat.
3.Allowing developers to handle incoming token transactions - For instance, allowing to automatically return funds to source.
.......
WHAT IS YOUR OPINION ?? ARE THERE ALREADY SOME ICOs working on ERC223 ?? i so far know only one
...Only a little bug already fixed in erc223 token.
January 11, 2018, 05:36:52 PM
ERC23 tokens are backwards compatible with ERC20 tokens. It means that ERC23 supports every ERC20 functions and contracts or services working with ERC20 tokens will work with ERC23 tokens correctly."
Sources: https://github.com/Dexaran/ERC23-tokens/tree/Recommended#erc23-token-standard (ERC23 and 223 are the same thing). To read the full discussion about ERC20 and ERC223, follow this link: https://github.com/ethereum/EIPs/issues/223
Sources: https://github.com/Dexaran/ERC23-tokens/tree/Recommended#erc23-token-standard (ERC23 and 223 are the same thing). To read the full discussion about ERC20 and ERC223, follow this link: https://github.com/ethereum/EIPs/issues/223
January 11, 2018, 11:37:38 AM
There are too many ERC20 tokens in the market to think they can be replaced by ERC233 tokens. In any case it can be a cohabitation, although at this moment there are only a few projects using ERC233 tokens.
January 11, 2018, 10:43:23 AM
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WHAT IS YOUR OPINION ?? ARE THERE ALREADY SOME ICOs working on ERC223 ?? i so far know only one ...
WHAT IS YOUR OPINION ?? ARE THERE ALREADY SOME ICOs working on ERC223 ?? i so far know only one
...My opinion about erc223 is i will support it if its better than erc20.
In the thread you said that in erc223 as been completed with refund i think this is new fitur and good to try.
January 11, 2018, 10:26:22 AM
is it going to launch a new altcoin with type ERC233?
if true is the value also different in exchange?
if true is the value also different in exchange?
January 11, 2018, 10:23:21 AM
ERC223 will be standart transaction? change the ERC20? Sorry im begining from cryptocurrency. I think ERC223 will change ERC20
January 11, 2018, 10:18:53 AM
ohh first time hear about this type of technology
ERC223 STANDARD and some of you just promote new coin
but caps lost of ERC20 is have no relation into it
this down trend is cause of a correction move, it just need a new trigger to go higher
ERC223 STANDARD and some of you just promote new coin
but caps lost of ERC20 is have no relation into it
this down trend is cause of a correction move, it just need a new trigger to go higher
January 11, 2018, 10:04:40 AM
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WHAT IS YOUR OPINION ?? ARE THERE ALREADY SOME ICOs working on ERC223 ?? i so far know only one
...Yes , Mobilego is based on ERC223 .
January 11, 2018, 10:02:26 AM
I am not blockchain savvy person, but I hope Ethereum will implement this standard soon which could trigger the raise of eth price. Let us wait and see 
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January 11, 2018, 09:53:04 AM
Sorry, I don't understand what the ERC233 is. What is the agreement for the token?which token choose the erc233 ?
Here's the information you need... take time to read and you will get your answer.. https://themerkle.com/what-is-the-erc223-token-standard/
January 10, 2018, 09:05:18 PM
Sorry, I don't understand what the ERC233 is. What is the agreement for the token?which token choose the erc233 ?
These are key challenges I face. Infact I lost some coins few days ago because I mistakenly sent it to a contract instead of my wallet and it could not be recovered again.
I think RoboMed (RMD) is implementing the ERC223 standard (according to their support).
I think RoboMed (RMD) is implementing the ERC223 standard (according to their support).
I agree to the OP there's a lot of funds loss last year and it will rise again this year... Using ERC233 maybe it can solve the problem of lossing funds.... but it can avoid if the person is aware what he is doing.... Every individual know the risk when sending token from another wallet it can be lost once you make a wrong move... I will choose the one who have a refund function...
This is the first I am hearing of this new standard and this problem with missing tokens.
I think that projects should use the new standard in order to avoid this problem.
IF the current wallets are able to support them, if not it should definitively be taken in account in next eth update.
I think that projects should use the new standard in order to avoid this problem.
IF the current wallets are able to support them, if not it should definitively be taken in account in next eth update.
we need a new coin --- supercoin this coin will fix all issues of current coins and adapt all their strengths ..it will also run on own blockchain-multichain, will support decentralized apps asblockchain 3.0, safety wil be ensured by using quantum proof encryption and will support smart contracts via ERC223. also it will be super anonymous and untraceable
this coin will fix all issues of current coins and adapt all their strengths ..it will also run on own blockchain-multichain, will support decentralized apps asblockchain 3.0, safety wil be ensured by using quantum proof encryption and will support smart contracts via ERC223. also it will be super anonymous and untraceable Like this, but the current big coins can upgrade a lot and possible make an Evo version like Bitcoin Evolved
Which company is using the ERC 223 Standard? and is it ready for usage?
i have found project ethereum commonwealth or dexaran - i dont know exactly
this project working realy on good things which can fix problems which ethereum currently have.... they are working on: 1. infrastructure improvments -- DexNx, PR Company, Solidity Coding Standard, Governance system, Token exchange,
2. Maitaining compability with ethereum -- GETH Classics, Mist Classics, Port of Metamask, ECNS
3. Important protocol updates -- Raiden, Swarm classics, Virtual Machine, zk-Snarks
4. smart contracts -- ERC223 token support with support of decentraized apps
.I thing it is very promising project...i havent invested so far but i am watching it - maybe later i will invest there 100 euro.......it looks similar to bitcoin -- mysterious developer satoshi nakamoto who want do improve-change something - now mysterious Dexaran from ethereum classic
who know, perhaps it could be successfull project - perhaps not 
we need a new coin --- supercoin this coin will fix all issues of current coins and adapt all their strengths ..it will also run on own blockchain-multichain, will support decentralized apps asblockchain 3.0, safety wil be ensured by using quantum proof encryption and will support smart contracts via ERC223. also it will be super anonymous and untraceable
this coin will fix all issues of current coins and adapt all their strengths ..it will also run on own blockchain-multichain, will support decentralized apps asblockchain 3.0, safety wil be ensured by using quantum proof encryption and will support smart contracts via ERC223. also it will be super anonymous and untraceable Which company is using the ERC 223 Standard? and is it ready for usage?
I know the ERC223 specification has been out there for at least a few months now, and it does offer advantages over ERC20.
I am unsure if it's supported in current wallets. I know it's backwards-compatible with respect to the methods it implements (ERC223 is a superset of ERC20), however I haven't looked into it enough to know if there is anything needed for wallet/client implementation.
It's most certainly the way that Ethereum tokens are going to go at, least it's v.next.
Best regards,
Ben
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