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🪙 ERC223 #628

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z0r0z opened this issue Sep 30, 2023 · 1 comment

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z0r0z commented Sep 30, 2023

After more than 6 years in EIP hell it looks like the madlad @Dexaran finally got ERC-223: Token with transaction handling model published as a token standard interface. Wdwt as to inclusion as optimized reference~~

Pros:

Simple.
Lowass number (223).
Optimal for defi with send receipts.

Cons:

Hafta implement bespoke receivers.
Prob some security minded stuff but,
it has been review for 6 years, seems ok.

Dexaran commented Oct 2, 2023

FYI here you can find more info regarding ERC-223 as well as some old discussions https://dexaran.github.io/erc223/

Regarding security considerations -

ERC-20 is not secure. It resulted in $130M worth of tokens being lost. So, ERC-223 is exactly a "security patch" for ERC-20 standard.
Reentrancy issues must be taken into account when dealing with ERC-223 tokens. ERC-223 makes "tokens" behave identical to "ether".
tokenReceived function must be invoked AFTER the balance change in the token contract.

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