Ethereum betting platform Bethereum switching to ERC223 token standard


Bethereum, a social betting platform built on the Ethereum blockchain, where bets are placed using the platform’s native Bether token announced that it will switch from their initial plan to use ERC20 tokens to now use ERC223 tokens. The change was set forth in order to take advantage of the improved smart contract technology built into ERC223, which will benefit the Bethereum ecosystem.

The newer ERC223 transfer method allows a smart contract to actively control the tokens that are being sent. For example, an exchange smart contract can react to a token transfer by adjusting the amount in a user’s wallet. Since the ERC223 protocol uses the same transfer function for wallets and smart contracts, it negates the risk of confusion on part of the receiver.

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