What’s TRC10 and TRC20 token ? What’s the difference between them ?
Trc10 Trc20 (exchange to exchange) are protocol coin that meet up with certain standards set to be able to accept coins.
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TRC-10 tokens have been available since the mainnet launch of Tron, when it moved from Ethereum to its own blockchain.
Most of the Tron-based tokens you see are TRC10 tokens.
The easiness of issuing a TRC10 token makes TRC10 a great way for teams to gauge interest in their project without spending a lot of money on development.
However, that doesn’t mean TRC10 can’t be used in real world situations.
TRC10 is already used in high profile projects like BitTorrent Token.
TRC-20 gives Tron-based tokens more functionality, as TRC20 tokens are used in smart contracts. For example, a Tron-based project might automatically issue more of its TRC20 tokens to early purchasers by programming such an early purchase bonus into the token’s smart contract.
However, with this added functionality and possibility for customization comes more complexity. Therefore, TRC10 tokens are more widespread (for now).
Also, the TRC20 token standard is fully compatible with Ethereum’s ERC20 token standard. This means that TRC20 tokens can be used in Ethereum-based smart contracts, allowing developers to transfer their Ethereum-based smart contracts to Tron if they choose.
TRC-10 vs TRC-20
Aside from easy token creation (TRC10) and native smart contract functionality (TRC20), there are a few other key notable differences between the two types of tokens:
- TRC10 is accessible via API (application programming interface)
- TRC10 has 1000 times lower transaction fees than TRC20 but has bandwidth costs for API transfers and deposits
- TRC10 transfers and deposits into smart contracts cost bandwidth and energy
Note: bandwidth allows users to perform Tron transactions, and energy allows users to process Tron smart contracts. Instead of paying gas fees (small amounts of cryptocurrency, such as in Ethereum’s network where gas = small amounts of ETH) to perform these tasks, users freeze or lock up TRX tokens in their wallet, which generates bandwidth and energy.