Tron is kind of a stable blockchain that is specially introduced to develop decentralized applications. Smart contracts, and crypto tokens. If you are aware of Ethereum, then Tron is far similar to the ethereum blockchain. But Tron is also a powerful blockchain like ethereum. Tron blockchain was first invented by Justin sun in September 2017. In the crypto space, most people feel tedious to adopt blockchain technology for their business. So Tron aims to eliminate this hurdle by allowing blockchain developers to share resources in the creation of crypto tokens, Dapps, and Smart Contracts.
One of the major perks of the TRON blockchain is, it avoids the need for a third party. Besides these, the Tron blockchain can handle more than 2000 transactions per second on any kind of platform. But other blockchain networks like bitcoin & ethereum can handle only 6 TPS and 25 TPS(Transaction per second). TRON has its own crypto token named TRX in the crypto marketplace. There are two types of Tron token standards such as TRC10 tokens and TRC20 tokens.
Tron token is a prominent token type that is completely developed on the Tron blockchain network. The important thing is, you can not mine Tron tokens. but one can buy Tron-based tokens on any crypto trading platform. The most interesting fact is, Tron token was first launched as an ICO on the Ethereum platform. But unexpectedly, the Tron token issuers raised the funds about $70 million and achieved their goal. Currently, some Tron tokens are prevailing in the crypto marketplace. Such as
These Tron tokens are created in the Tron network so they can facilitate faster, secure, and efficient transactions. Besides these, it provides complete freedom for developers to create and issue Tron tokens on their own network. But, the functions of Tron tokens do not differ from ethereum and bitcoin. The current price of the Tron token(TRX) in the market equals $0.03. It has two types of tokens as TRC10 and TRC20 Tron tokens.
So now, let us see…
What is TRC10 Token?
TRC10 token is completely created by its own network. This token is widely available on the TRON mainnet. This token does not depend on the TRON virtual machine. TRC10 tokens are compatible with all the major crypto wallets available in the crypto market. Thus, investors and traders can easily use these tokens.
Did you know that most of the Tron-based tokens present in the marketplace are TRC10 tokens?. Yes, most of them are TRC10 standard-based tokens. Another Interesting factor is, this type of token is a favorite ICO token. This Tron token standard is already used in complex and big projects like BitTorrent Token (BTT). Also, it permits the biggest decentralized file-sharing protocol with more than 100 million users.
TRC10 tokens are free to use in most cases. Thus, traders preferred TRC10 tokens for trading on the exchange platforms. By seeing this, many startups and enterprises approached the TRC10 token development service provider to create TRC10 tokens.
What is TRC20 Token?
TRC20 token is recognized as an ethereum killer in the blockchain space. TRC20 is the technical standard of the Tron blockchain and it is based on the implementation of the smart contracts when using the Tron to issue or create TRC20 tokens. TRC20 token is becoming one of the primary focuses of crypto enthusiasts. This Tron token standard helps the users to facilitate secure and instant transactions trouble-free. A Tron blockchain with a smart contract is basically needed to create a TRC20 token.