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.
Functions:
- Interacts with other currencies
- Smart contracts
- 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.
