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$ETHRA

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CIP-56 vs. ERC-20 been reading through Canton's token standard (CIP-56) and ended up mapping it against ERC-20 feature by feature. the differences come from a completely different ledger model underneath and it changes what "security" even means for a token erc-20 is one contract, global state, mapping(address => uint256). anyone reads any balance, anyone calls any function, msg.sender decides who's allowed to do what. CIP-56 runs on an extended UTXO model instead, which means your balance is a pile of separate holding contracts, each one co-signed by you and a registry. nobody sees a holding unless they're actually a party to it.

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@Crypto__Coop