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ERC20 ๐ TRC20
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๐ฐTwo IDs in the crypto world ๐ง ERC20 and TRC20 are like "token" IDs in the crypto world. ๐ But these two work on two different blockchains.
๐ฒERC20
ใฝ๏ธKings of the Ethereum Blockchain๐
ใฝ๏ธBuilt on the Ethereum blockchain, the second largest crypto king! ๐
ใฝ๏ธA "token standard": This is like the laws of a country. โ Everyone who creates tokens on the Ethereum blockchain must follow these ERC20 rules. That's when those tokens work with every wallet and every exchange.
Examples: Most famous tokens are ERC20 tokens. Examples are Tether (USDT), Shiba Inu (SHIB), Uniswap (UNI).
๐ฒTRC20
ใฝ๏ธTRON Blockchain ๐
ใฝ๏ธRuns on the TRON blockchain, known for its speed and low transaction fees. ๐
ใฝ๏ธSimilar to ERC20:This is also a token standard like ERC20. That means that those who create tokens on the TRON blockchain must follow these TRC20 rules.
Examples: The native token of the TRON blockchain, TRX, is a TRC20 token. Also, there are many tokens like Tether (USDT) in the TRON blockchain as TRC20 tokens. In short,
๐ERC20: The standard of tokens on the Ethereum blockchain.
๐TRC20: The standard of tokens in the TRON blockchain.
๐ฐWhether you need an ERC20 token or a TRC20 token depends on which blockchain you use. ๐ค
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Post 02
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