ERC-223 creator Dexaran, a co-founder of the Callisto group, tweets about a joyful accomplishment. ERC-223 has now been formally incorporated to the Ethereum documentation and token specifications, according to Dexaran.
ERC-20, ERC-777, and ERC-223 are the three tokens that Ethereum requires; ERC-20 is perhaps one of the most significant Ethereum tokens. The ERC-20 specification has grown to become the industry’s current standard.
The ERC-20 token standard has certain well-known drawbacks, such as accidental token loss in contracts that aren’t made to function with sent tokens.
By allowing users to transfer tokens to trustworthy contracts and wallets that fulfil the same purpose, the ERC-223 structure solves this problem.
A superset of ERC-20 called ERC-223 allows tokens to be used as premium value switch components when creating good contracts. On the software/contract stage, it’s a step in the right direction towards financial abstraction.
Since ERC-223 tokens are backward compatible with ERC-20 tokens, all ERC-20 features are supported, allowing ERC-20 contracts and businesses to also use ERC-223 tokens.
Ethereum developers prepare for Deneb improvement
Ethereum developers keep working on getting ready for the impending Deneb upgrade.
The inclusion of a builder override flag in the Engine API, an increase in the goal and most blob limitations to 3/6 from 2/4, and ongoing research into changing the maximum effective stability of validators were all noted by Ethereum developers last week.
Regarding the Deneb upgrade, two changes to the Engine API, an internal API intended to facilitate communication between the CL and EL software programmed customers inside an Ethereum node, were announced.
