Introduction of TRC20 network

• Published 2 Year Ago
• DHS Blog

TRC20 network

The TRC20 network is the main digital currency network of TRON, which in the first few years of its launch, continued to grow rapidly and became very popular among users. In less than a year, the network was able to break the record for the number of transactions in the blockchain and take first place.
It contains standards and rules defined for decentralized applications, or apps, as well as tokens and new currency codes. Since there are many similarities between the TRC20 and ERC20 networks and the standards of these two networks, the TRC20 network builder and developer team tried to create most of China's blockchain projects from ERC20 or Ethereum to the TRON network by creating extensive publicity. to convey that there was not much success in this work.
Also known as USDT-TRON, the USDT Tether is issued on the Tron network (TRC20). It is a technical standard token based on the Tron network or blockchain using the TRON address, meaning that all transactions with TRC20 are performed on the Tron network.
It was in 2017 that TRON digital currency was created by Justin Sun. Initially, TRON Digital Currency started its work as a token on the Ethereum China Blockchain (ERC20) platform. A year later, in 2018, the TRON Digital Currency Development Team decided to establish its own and exclusive China Blockchain network.

This is how the TRC20 network came into being. But the network went beyond expectations and quickly grew in popularity among network users. In the following, we will examine the features of the TRON digital currency blockchain network.
China Blockchain Network TRON's digital currency developed rapidly in the early years, and in 2019, in 300 days, it was able to break the record number of transactions and surpass the digital currency Bitcoin. TRC20 is a set of rules and standards defined for all decentralized applications (DAPPs) or new tokens.
The TRC20 network is the main digital currency network of TRON, which in the first few years of its launch, continued to grow rapidly and became very popular among users. In less than a year, the network was able to break the record for the number of transactions in the blockchain and take first place.
It contains standards and rules defined for decentralized applications, or apps, as well as tokens and new currency codes.
Since there are many similarities between the TRC20 and ERC20 networks and the standards of these two networks, the TRC20 network builder and developer team tried to create most of China's blockchain projects from ERC20 or Ethereum to the TRON network by creating extensive publicity. to convey that there was not much success in this work.
Also known as USDT-TRON, the USDT Tether is issued on the TRON network (TRC20). It is a technical standard token based on the TRON network or blockchain using the TRON address, meaning that all transactions with TRC20 are performed on the TRON network.


It was in 2017 that TRON digital currency was created by Justin Sun. Initially, TRON Digital Currency started its work as a token on the Ethereum China Blockchain (ERC20) platform. A year later, in 2018, the TRON Digital Currency Development Team decided to establish its own and exclusive China Blockchain network.

This is how the TRC20 network came into being. But the network went beyond expectations and quickly grew in popularity among network users. In the following, we will examine the features of the TRON digital currency blockchain network.
China Blockchain Network TRON's digital currency developed rapidly in the early years, and in 2019, in 300 days, it was able to break the record number of transactions and surpass the digital currency Bitcoin. TRC20 is a set of rules and standards defined for all decentralized applications (DAPPs) or new tokens.
TRC20 token

The main digital currency of the TRC20 network is the TRON currency code. However, this network has three main tokens: Just, Wink, and BitTorrent (all tokens that follow the TRC20 standard are called TRC20 tokens.) But the point is that most of The amount of trading volume per day is not related to any of these digital currencies!
The largest amount of trading volume in the TRC20 network belongs to the Tether digital currency (USDT). Tether digital currency is the head of the Stable COIN category. Its market volume today reaches over 10 billion dollars.
Stable coins are a group of digital currencies that have a fixed backing and their prices do not change much. Users who want to protect their Assets from market fluctuations use Stable coins.

If you enter reputable exchanges such as dhs. sale exchange and want to transfer Tether digital currency, during the transfer you will see that several networks including ERC20, TRC20, BSC, BEP, and OMNI are available to transfer this currency code.


TRC20 standard

Initially, TRON's first digital currency standard was TRC10. The TRC10 standard did not allow tokens to be used on smart contracts, so TRC10 tokens were easily created. But after a while, the development team defined the TRC20 standard, making it possible to use tokens and blockchain projects with smart contracts. In general, the TRC20 token system is more complex than the TRC10 token.

The addresses of the TRON tokens and the TRON digital currency itself all start with the letter T. Note that to transfer on the blockchain platform, you must select TRC20 at the time of transfer, and to transfer TRC20 tokens from the digital currency wallet, you must have some digital currency (TRX) in your wallet. to pay us a commission.

Also, note that you cannot transfer a TRC20 token directly to a wallet that supports ERC20 tokens. If you do it by mistake or unknowingly, Your transferred Assets will be destroyed! And there is no way to get this money back. This is due to the one-sided nature of digital currency transactions.

ERC20 standards are also defined for all tokens operating in the ERC20 network. These rules have been defined by the Ethereum Digital Currency Blockchain Development Team. Although the TRON development team has worked hard to attract ERC20 tokens, the ERC20 network continues to be the largest host of tokens.
The main difference between ERC20 and TRC20 is in the type of consensus. Confirmation of transactions in the TRON network is based on Sticking and in the Ethereum network is based on mining. Another difference in speed and fees is that the TRC20 network performs better than the ERC20 in both cases.
The TRC20 network enables token exchange.
TRC20 digital currency tokens can be exchanged while using them in apps, which makes transactions faster.
-TRC20 tokens provide unlimited access;
Users will have unlimited access to the data, so the transfer of information or encrypted currencies can be done without any problems.
-TRC20 Tokens cause transparency and openness in transactions;
All transactions in the TRON network are public, which makes them easily traceable in the event of any discrepancies or errors.
-TRC20 tokens are affordable;
Compared to transactions on other popular Chinese blockchain and digital currency networks, the cost per transaction on this network is lower.
-TRC20 tokens have high scalability;


The nature of the TRC20 network and its tokens is highly scalable, capable of performing more than 2,000 transactions per second.

Peer-to-peer network and global availability, instant transactions, support for multiple tokens, as well as high security, are other advantages and features that TRC20 has and is very popular among other networks. Earned.

Summary:
The main digital currency of the TRC20 network is the TRON currency code (TRX). The network also has three main tokens. But most of the trading volume on this platform belongs to the Stable digital currency (USDT). The TRC20 standard is a set of rules that are defined for tokens and projects that want to use the TRON network. All tokens that use the TRC20 network are called TRC20 tokens.