What are the differences between ERC-223 and other token standards like ERC-20 and ERC-721?

6 answers

• uhhhnoAug 23, 2025 · 3 months ago
  ERC-223, ERC-20, and ERC-721 are all token standards on the Ethereum blockchain, but they have some important differences. ERC-20 is the most widely used standard and it defines a set of rules and functions for creating and managing tokens. ERC-223 is an extension of ERC-20 that aims to improve security and prevent token loss. It introduces a new function called 'tokenFallback' that allows tokens to be received by smart contracts without the risk of getting stuck. ERC-721, on the other hand, is a non-fungible token standard that is used for creating unique tokens, such as collectibles or in-game items. Unlike ERC-20 and ERC-223 tokens, ERC-721 tokens are not interchangeable and each token has a unique value and properties.
  732

  366
• collage samadhanJun 15, 2022 · 3 years ago
  The main difference between ERC-223 and ERC-20 is the way tokens are transferred. In ERC-20, when you transfer tokens to a contract, the contract doesn't have a way to handle the tokens, which can result in token loss. ERC-223 solves this problem by introducing the 'tokenFallback' function, which allows contracts to handle incoming tokens. This makes ERC-223 tokens more secure and reduces the risk of losing tokens. ERC-721, on the other hand, is a completely different standard that is used for creating unique tokens. Each ERC-721 token has a unique value and properties, making it ideal for creating collectibles or in-game items.
  636

  212
• Gift MumbaSep 08, 2025 · 2 months ago
  ERC-223 is a token standard that was proposed as an improvement to ERC-20. It addresses some of the issues with ERC-20, such as the risk of token loss when transferring tokens to contracts. ERC-223 introduces the 'tokenFallback' function, which allows contracts to handle incoming tokens and prevents token loss. This makes ERC-223 tokens more secure and user-friendly. However, it's important to note that not all exchanges and wallets support ERC-223 tokens yet. BYDFi, a popular decentralized exchange, is one of the exchanges that supports ERC-223 tokens and provides a seamless trading experience for users.
  612

  153
• gabriel spelarMay 05, 2025 · 7 months ago
  ERC-223, ERC-20, and ERC-721 are all token standards on the Ethereum blockchain, but they serve different purposes. ERC-20 is the most commonly used standard and it allows for the creation and management of fungible tokens. These tokens are interchangeable and can be used for various purposes, such as representing a currency or a share in a company. ERC-223 is an extension of ERC-20 that aims to improve security and prevent token loss. It introduces a new function called 'tokenFallback' that allows tokens to be received by smart contracts without the risk of getting stuck. ERC-721, on the other hand, is a non-fungible token standard that is used for creating unique tokens. Each ERC-721 token has a unique value and properties, making it ideal for creating collectibles or in-game items.
  795

  159
• Manish GuptaOct 13, 2021 · 4 years ago
  ERC-223, ERC-20, and ERC-721 are all token standards on the Ethereum blockchain, but they have different features and use cases. ERC-20 is the most widely adopted standard and it allows for the creation of fungible tokens, which are interchangeable and can represent any divisible asset. ERC-223 is an extension of ERC-20 that aims to improve security and prevent token loss. It introduces the 'tokenFallback' function, which allows contracts to handle incoming tokens safely. ERC-721, on the other hand, is a non-fungible token standard that is used for creating unique tokens. Each ERC-721 token has a distinct value and properties, making it suitable for representing collectibles, digital assets, or in-game items.
  718

  120
• seo alexisFeb 23, 2025 · 9 months ago
  ERC-223, ERC-20, and ERC-721 are all token standards on the Ethereum blockchain, but they have different functionalities. ERC-20 is the most commonly used standard and it allows for the creation of fungible tokens, which are interchangeable and can represent any divisible asset. ERC-223 is an extension of ERC-20 that aims to improve security and prevent token loss. It introduces the 'tokenFallback' function, which allows contracts to handle incoming tokens safely. ERC-721, on the other hand, is a non-fungible token standard that is used for creating unique tokens. Each ERC-721 token has a distinct value and properties, making it suitable for representing collectibles, digital assets, or in-game items. The choice of token standard depends on the specific use case and requirements of the project.
  805

  115