Top 5 cryptocurrencies are going up rapidly this week: BTC and altcoins (ETH,…)
This week, BTC price nearly hit a new multi-year high at $16,000. While the supply is increasing by about 2,5% a year, the demand is growing faster than that. At the current market capitalization of over $284…
One of the most significant Ethereum tokens is known as ERC-20. ERC-20 has emerged as the technical standard; it is used for all smart contracts on the Ethereum blockchain for token implementation and provides a list of rules that all Ethereum-based tokens must follow.
ERC-20 is similar, in some respects, to bitcoin and other cryptocurrency; ERC-20 tokens are blockchain-based assets that have value and can be sent and received. The primary difference is that instead of running on their own blockchain, ERC-20 tokens are issued on the Ethereum network.
Interacts with other currencies
Used on compatible platforms, projects, exchanges
Ensures operation with Dapps
Secure and easy transaction
Makes assets interchangeable
Therefore, both types of tokens (TRC-20 and ERC-20) own their features and functions. Your next choice is to choose a secure and efficient wallet to store your crypto assets. One of them is Crystal Wallet.
TRC-20 token gives TRON-based tokens and are used in smart contracts. For example, a TRON-based project might automatically issue more of its TRC-20 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. TRC-20 token standard is fully compatible with Ethereum’s ERC-20 token standard. This means that TRC-20 tokens can be used in Ethereum-based smart contracts, allowing developers to transfer their Ethereum-based smart contracts to TRON if they choose.