velog.io /@kirhyipscript/Why-is-TRC20-standard-preferred-for-Tron-token-development
Why is TRC20 standard preferred for Tron token development?
Tron token development refers to the development of a custom token based on the Tron blockchain. It is a decentralized platform that has its own native coin called Tronix (TRX). Tron Blockchain is considered to be more reliable and scalable than other blockchains like Ethereum and Binance. Also, all the tokens generated in this blockchain have higher processing speed and lower gas fees than other blockchain tokens, which is why Tron makes the best choice for creating tokens with sophisticated features. All tokens in Tron can be categorized by TRC10 token and TRC20 token, and each has its own standards for creating tokens. Among all, TRC20 is the most popular and is used for various purposes. It is an upgraded version of the TRC10 token standard since it is more secure and includes smart contracts. TRC20 Token on Tron blockchain TRC20 is Tron Blockchain's technical protocol for smart contracts. Based on its blockchain, the protocol can be used to generate tokens. These tokens are ERC20 compatible and run on Tron Virtual Machine.
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