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TRC20 Standard And Its Comparison With ERC20

You must have come across different types of networks when buying or selling or cryptocurrency exchanges, and you have been asked what is the difference between these networks, which one is more suitable for your transaction and why different fees for each There are some of them. 

In this article we are going to TRC20 difference between networks and ERC20 discuss and examine the features that each of them what are the advantages and disadvantages compared to each other and to use them things to observe.

Do not miss the continuation of this article to find the answers to many questions that arise in this field.

What is the TRC20 standard?

The TRC20 standard is one of the existing standards for creating tokens and is based on Tron’s proprietary blockchain network and based on smart contracts .

In addition to creating a standard and platform for decentralized tokens and applications, the Tron project has also created the Tron Digital Currency (TRX).

This project tries to compete with the Ethereum network and the ERC20 standard by providing many different possibilities. Due to some shortcomings in the Ethereum network, this project was able to attract some users of the Ethereum network, while many users were not willing to migrate from the Ethereum network to the Tron network.

In Tron network, in addition to the TRC20 standard, there is another standard called the TRC10 standard.

The difference between the two standards is that in the TRC10 standard, tokens are created without the need for a virtual machine and smart contracts, which makes it easier to create tokens using this standard. Many large projects, such as BitTorrent, already use the TRC10 standard to generate their tokens.

Tron runs under its own blockchain technology and proprietary operating system, which was introduced in 2017 by Justin Sun (one of the most famous figures in the blockchain industry).

Tron network is public, scalable, and accessible, has great computing power for decentralized applications (DApp), and can process 2,000 transactions per second without error.

The TRC20 standard has advantages and features over the TRC10 and ERC20 standards that have attracted many people. Currently, a large number of transactions are done in this network.

The TRC20 standard is currently used in various fields such as supply chain, financial services, real estate and insurance . One of the most widely used fields, where many people have heard the name TRC20 for the first time, is the Stable Queen Theater.

Due to the much lower transfer fees in Tron network than Ethereum network, many users prefer to use Tron network tether to Ethereum network tether.

Characteristics of the TRC20 standard

  • Conversely, secure and decentralized transactions
  • Ability to use to swap tokens and create decentralized applications
  • Ability to use data without restrictions on holders
  • The Ability to track all transactions using the General Office
  • Extremely fast transaction confirmation per second
  • High scalability
  • Has a simple user interface and access to smart contracts
  • Benefit from the stock proof proof consensus algorithm

What is the ERC20 standard?

The ERC20 standard is one of the standards for creating tokens in the Ethereum network, and all Ethereum tokens are using this standard. The Ethereum network supports the creation of many tokens, smart contracts, and decentralized applications.

The important point is that when exchanging, depositing or withdrawing ERC20 tokens or Ethereum tokens, you must select the Ethereum or ERC20 network.

The ERC20 standard for addressing communication problems in blockchain-based markets and digital wallets, and given the wide range of tokens they manage, provides a single, standard guideline that includes rules for interaction between different tokens as well as tokens purchase rules.

In other words, this standard is a universal standard used by all tokens in the Ethereum network.

The difference between trc20 and erc20

Transfer TRC20 tokens to the Ethereum network or vice versa

Because ERC20 and TRC20 token networks are different, it is not possible to transfer Ethereum -based tokens directly to Tron network or wallets that support the TRC20 standard, and vice versa. Therefore, when withdrawing or depositing a cryptocurrency, note that after selecting your desired token, select the network related to that currency or token correctly.

The difference between TRC-20 and ERC-20

One of the main differences between the Ethereum and Tron networks, especially in the past, is the difference in their type of consensus. The consensus algorithm used in the Ethereum network is Proof of work.

Ethereum now intends to change its consensus algorithm from proof of proof to proof of stock. Tron network, on the other hand, has used stock proof or sticking algorithms from the beginning.

Another difference between the two networks is the difference in the amount of fees and the speed of transaction approval. Due to the fact that despite paying more fees in the Ethereum network, the speed of transaction verification is slower, many users tend to use the Tron network.

While the Ethereum transaction rate is much faster than the Bitcoin network, the transaction verification speed is still very high on the Tron network, despite the low fees.

The difference between Tether ERC20 and Tetr TRC20

The difference between trc20 and erc20

As you know, Teter is one of the stable coins that is currently very popular among users active in the field of cryptocurrencies and has a large volume of exchanges in this field.

Currently, different types of theaters are available on various networks such as Tron Network, Ethereum Network, OMNI and.. Most of the uses are related to Ethereum and Tron network theaters, the differences of which will be discussed below.

  • The ERC20 tetra is on the Ethereum blockchain bed, while the TRC20 tetra is on the tron blockchain bed.
  • Tetris addresses in Ethereum Blockchain start with 0X and Tetris addresses in Blockchain Tron start with T.
  • The transfer fee on the Ethereum network is low compared to the Bitcoin network, but this fee is much lower on the Tron network, which is why many people prefer to use Tron Tron .

Concluding remarks

In this article, we review the TRC20 and ERC20 standards and compare them with each other. Each of these standards has been implemented with the aim of integrating the world language in this field. As mentioned, the TRC20 standard is the Tron network standard and the ERC20 standard is the Ethereum network standard.

Using the facilities of these networks, people can create tokens, decentralized applications and other activities such as buying and selling and exchanging on the platform of these networks.