Are TRC20 and Tron the same channel? TRC20 detailed introduction

TRC-20 tokens offer all the same benefits as ERC-20 tokens. However, as Ethereum frequently suffers from congestion, resulting in high fees and poor user experience, Tron-based tokens offer a convenient workaround, with Tether probably being the largest and most well-known project using the TRC-20 token standard. . Just like Ethereum has its own technical ERC-20 token standard, so do many other blockchains. On Tron, tokens are programmed according to the TRC-20 token standard, and anyone can issue their own TRC-20 tokens. Many investors want to know whether TRC20 and Tron are a channel? Let me take you through it below.

An article to understand whether TRC20 and Tron are the same channel

TRC20 and Tron are the same channel, trc20 is RC20USDT is jointly issued by TRON and TEDA company Tether Stablecoin channel. Compared with the established stablecoins Omni-USDT and ERC20-USDT, TRC20-USDT has been greatly optimized in terms of transfer fees and transaction confirmation speed. In terms of fees, TRC20-USDT enables free transfers. The withdrawal fees of mainstream exchanges show that the USDT withdrawal fee based on the Omni protocol is the highest, ranging from 4 to 10 US dollars, the ERC-20 withdrawal fee ranges from 1 US dollars to 5 US dollars, and the TRC20-USDT withdrawal fee The currency handling fee is 0, which means that users can enjoy the fee-free exchange currency withdrawal service.

There are many similarities between Ethereum and Tron, as well as some key differences. Like Ethereum, Tron uses a virtual machine called the Tron Virtual Machine (TVM) as a kind of operating system for the smart contracts that run on the platform. TVM also uses the same Solidity programming language as Ethereum. Therefore, tokens and smart contracts issued on Tron are fully compatible with Ethereum. This compatibility is by design as the Tron Foundation intends to allow developers to easily port their existing applications and tokens into the Tron ecosystem.

TRC20 Detailed Introduction

Tron uses the Delegated Proof of Stake (DPoS) consensus. Because only 27 validators are required to confirm transactions, the network can handle higher throughput with significantly lower fees. Therefore, developers use Tron because its superior scalability and low fees make it more suitable for high-volume applications such as games.

However, there is another consideration for Tron’s low fees. The more lines there are in an application's smart contract code, the more complex it is to execute and the more computing power it uses. Therefore, Ethereum developers must be aware that introducing any unnecessary complexity into their code will also reflect an increase in transaction fees.

With Tron’s significantly lower fees, developers can more freely write more complex smart contracts without having to worry about high costs rendering their applications unusable.

The DPoS consensus model has received some criticism for being too centralized, given the relatively small number of validators compared to the large number of proof-of-work miners. However, the blockchain “trilemma” of scalability, security, and decentralization is a challenge as old as the technology itself. Therefore, developers and users always have to prioritize what is most important to them when deciding which platform to use.

I hope investors can understand through the above article whether TRC20 and Tron are a channel. Tether is probably the largest and most famous project using the TRC-20 token standard. Tron-USDT is now more popular than Ethereum-USDT, with the former’s transaction volume surpassing the latter’s in early 2021, reflecting that Ethereum’s high transaction fees are becoming a barrier for many users. Furthermore, the decentralization argument largely becomes irrelevant when discussing Tron-USDT vs Ethereum-USDT, as the idea of ​​decentralization is based on the concept of trustlessness, so USDT users all have to trust Tether as the issuance USDT company.

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