Cryptocurrency Q&A
What is TRC20?
What is TRC20?
ethan_harrison_chef
Fri Nov 29 2024
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5 answers
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TRC20 is a smart contract token standard on the TRON network, similar to ERC20 on Ethereum. It allows the creation, issuance, transfer, and trading of tokens on the TRON blockchain, facilitating cross-chain interoperability. TRC20 tokens offer compatibility, flexibility, security, and fast transaction speeds, often with lower fees compared to other networks.
5 answers
SapphireRider
Sun Dec 01 2024
Wallet addresses specifically designed for TRC20 tokens are generated to ensure seamless transactions. These addresses allow users to send and receive tokens efficiently.
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mia_harrison_painter
Sun Dec 01 2024
In addition to transfer capabilities, TRC20 wallet addresses are used for storing tokens securely on the TRON blockchain.
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RiderWhisper
Sun Dec 01 2024
TRC20 represents a technical framework that operates within the TRON blockchain ecosystem.
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Sara
Sun Dec 01 2024
It serves as a foundation for the implementation of smart contracts, enabling developers to create and deploy advanced blockchain applications.
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Alessandro
Sun Dec 01 2024
The TRC20 standard also facilitates the creation of tokens, which can represent various digital assets or utilities within the TRON network.
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