{"id":"erc-223","title":"ERC-223","content":"**ERC-223** (Ethereum Request for Comment) is an [Ethereum](https://iq.wiki/wiki/ethereum)-based token standard powered by [smart contracts](https://iq.wiki/wiki/smart-contract). It allows secure transfer of tokens into a digital wallet. [\\[1\\]](#cite-id-rqi2t89rxoj)\\\n$$widget0 [YOUTUBE@VID](GS62VNyPVHs)$$\n\n# Overview\n\nERC-223 is a protocol upgrade for the [ERC-20](https://iq.wiki/wiki/erc-20) protocol created by an [Ethereum](https://iq.wiki/wiki/ethereum) developer identified on Reddit as “Dexaran” as a remedy to the ERC-20 bug. [\\[1\\]](#cite-id-rqi2t89rxoj)[\\[2\\]](#cite-id-rj61ixxn5oi)\n\nAn [ERC-20](https://iq.wiki/wiki/erc-20) bug enabled coins to be lost when users accidentally sent tokens to a[ smart contract ](https://iq.wiki/wiki/smart-contract)using the same mechanism they would use to transfer tokens to a conventional wallet. This has resulted in the loss of more than $3 million in ERC-20 tokens. [\\[2\\]](#cite-id-rj61ixxn5oi)\n\nERC-223’s architecture addresses this problem by allowing users to move tokens to smart contracts and wallets that provide the same purpose. While resolving the aforementioned problems, ERC-223 keeps all of the original functionality. [\\[2\\]](#cite-id-rj61ixxn5oi)\n\nThe transfer function checks if the destination address is a smart contract and returns tokens to the sender's account using the smart contract’s token `Fallback` function if it is, ensuring no token loss. [\\[2\\]](#cite-id-rj61ixxn5oi)\n\n## ERC-223 Utility\n\nThe ERC-223 token is powered by automated smart contracts that ensure transparent user transaction details. The ERC-223 token development platform offers investors instant liquidity and high ROI as passive income. Additionally, it allows tokens to be deposited into a contract in a single transaction, preventing additional [blockchain](https://iq.wiki/wiki/blockchain) bloat. [\\[1\\]](#cite-id-rqi2t89rxoj)[\\[2\\]](#cite-id-rj61ixxn5oi)\n\nThe ERC 223 token creation platform has multi-level security features including HTTP authentication, end-to-end encryption, and escrow protection to prevent hacking. [\\[1\\]](#cite-id-rqi2t89rxoj)\n\n# Technology\n\nERC223 tokens should be sent by calling the `transfer` function on token contract with no difference if the receiver is a contract or a wallet address.\n\n* If the receiver is a wallet, an ERC223 token transfer will be identical to an [ERC20](https://iq.wiki/wiki/erc-20) transfer.\n* If the receiver is a contract, the ERC223 token contract will try to call the `tokenReceived ` function on the receiver contract. If there is no `tokenReceived` function on the receiver contract, the transaction will fail. [\\[3\\]](#cite-id-ca4og87vhwn)","summary":"ERC-223 is an Ethereum-based token standard, an upgrade of ERC-20, allowing secure token transfers into digital wallets and solving the ERC-20 bug.","images":[{"id":"QmUntQJXfJfgUYULpLy6RGn1GXHg7HRYxyTR1sf7rXafBd","type":"image/jpeg, image/png"}],"categories":[{"id":"glossary","title":"glossary"}],"tags":[],"media":[{"id":"https://www.youtube.com/watch?v=GS62VNyPVHs","size":"0","name":"GS62VNyPVHs","type":null,"source":"YOUTUBE"}],"metadata":[{"id":"references","value":"[{\"id\":\"rqi2t89rxoj\",\"url\":\"https://coinmarketcap.com/alexandria/glossary/erc-223\",\"description\":\"alexandria - erc-223\",\"timestamp\":1691659480904},{\"id\":\"rj61ixxn5oi\",\"url\":\"https://www.blockchain-council.org/ethereum/ethereum-tokens-erc-20-vs-erc-223-vs-erc-777/\",\"description\":\"Ethereum Tokens: ERC 20 Vs. ERC 223 Vs. ERC 777\",\"timestamp\":1691662347841},{\"id\":\"ca4og87vhwn\",\"url\":\"https://callisto.network/erc223-token-standard/\",\"description\":\"ERC 223 Token Standard\\n\",\"timestamp\":1691663752691}]"},{"id":"previous_cid","value":"\"https://ipfs.everipedia.org/ipfs/QmYbaJ6v4pf1AMzwfMxnRt1nLdQBdBDBjSMAym489wV6Nb\""},{"id":"commit-message","value":"\"Removed ERC-223 article content\""},{"id":"previous_cid","value":"QmYbaJ6v4pf1AMzwfMxnRt1nLdQBdBDBjSMAym489wV6Nb"}],"events":[],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x212Cb3F4aE6611054637f9f78F18fB628AD258bb"},"operator":{"id":"0x1E23b34d3106F0C1c74D17f2Cd0F65cdb039b138"},"language":"en","version":1,"linkedWikis":{"blockchains":[],"founders":[],"speakers":[]},"recentActivity":"{\"items\":[{\"id\":\"f681ee5d-da44-475b-884e-bffa659b1b34\",\"title\":\"ERC-223\",\"description\":\"ERC-223 is an Ethereum-based token standard, an upgrade of ERC-20, allowing secure token transfers into digital wallets and solving the ERC-20 bug.\",\"timestamp\":\"2026-06-02T15:27:11.156Z\",\"category\":\"glossary\",\"status\":{\"icon\":\"RiGlobalLine\",\"label\":\"Wiki Updated\",\"iconClassName\":\"text-green-500\"},\"user\":{\"name\":\"0x212Cb3F4aE6611054637f9f78F18fB628AD258bb\",\"address\":\"0x1E23b34d3106F0C1c74D17f2Cd0F65cdb039b138\"},\"button\":{\"label\":\"View Summary\",\"icon\":\"RiFileTextLine\"},\"summarySections\":[{\"title\":\"Linked Wikis\",\"subtitle\":\"Linked wiki entries changed (items removed and added).\",\"variant\":\"modified\",\"changeCount\":2,\"changes\":[\"Removed linked wiki: id \\\"cryptocurrencies\\\", title \\\"Cryptocurrencies\\\"\",\"Added linked wiki: id \\\"glossary\\\", title \\\"glossary\\\"\"]},{\"title\":\"Tags\",\"subtitle\":\"Tag entries were removed and the tags array was replaced with an empty array.\",\"variant\":\"modified\",\"changeCount\":3,\"changes\":[\"Removed tag: id \\\"Ethereum\\\"\",\"Removed tag: id \\\"Glossary\\\"\",\"Tags array replaced with an empty array (\\\"tags\\\": [])\"]},{\"title\":\"Metadata\",\"subtitle\":\"New metadata keys were added.\",\"variant\":\"added\",\"changeCount\":2,\"changes\":[\"Added metadata: id \\\"blocks-changed\\\" with value \\\"tags, events\\\"\",\"Added metadata: id \\\"wiki-score\\\" with value \\\"51\\\"\"]}]}]}"}