Cryptocurrency Q&A
Is ERC-20 the same as TRC 20?
Is ERC-20 the same as TRC 20?
Silvia
Sun May 12 2024
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7 answers
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Could you clarify for me if ERC-20 and TRC-20 are interchangeable or identical? I've heard both terms being used in the context of cryptocurrencies and blockchain tokens, but I'm not entirely sure about their similarities or differences. ERC-20, as I understand, is a technical standard used for smart contracts on the Ethereum blockchain, defining a common set of rules for tokens. But what about TRC-20? Is it a similar standard used on a different blockchain platform? Or does it serve a completely different purpose? I'd appreciate it if you could provide a brief overview of both standards and explain how they might differ, if at all. Thank you in advance for your clarification.
7 answers
Stefano
Tue May 14 2024
On the Ethereum blockchain, ERC-20 is the standard.
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BenjaminMoore
Tue May 14 2024
Similarly, TRC-20 defines token standards.
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GinsengBoost
Tue May 14 2024
But it applies specifically to the TRON blockchain.
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Martina
Tue May 14 2024
ERC-20 represents a set of rules.
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DigitalDynastyGuard
Tue May 14 2024
Both ERC-20 and TRC-20 ensure interoperability.
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