What Is a TRC-20 Token?
A TRC-20 token refers to a token standard used on the TRON network, allowing for the creation and implementation of tokens.
It is designed to be fully compatible with the popular ERC-20 token standard used on the Ethereum network.
The TRC-20 standard specifies the required functions to be implemented for a token to be recognized and accepted as a standard TRC-20 token on the TRON network.
Developing with TRC-20 Tokens
When developing a TRC-20 token, the token’s contract must define several functions, including optional and required items.
The TRON Virtual Machine (TVM) is the underlying technology that powers the TRON network.
It is a lightweight and efficient virtual machine designed to provide a secure and scalable blockchain platform for developers.
TVM allows for the execution of smart contracts and ensures compatibility with Ethereum smart contracts, enabling developers to migrate their Ethereum-based contracts to the TRON network easily.
Empowering Digital Content Distribution
TRON is an open-source blockchain protocol focused on digital content distribution.
It supports multiple blockchain networks and smart contract systems, including Bitcoin and Ethereum.
TRON’s TRC-20 token standard is part of its multiprotocol infrastructure, enabling developers to build decentralized applications in the digital entertainment industry.
TRON utilizes its native cryptocurrency, TRX, which allows users to access various services and pay for transactions and content on the platform.
The network’s security is maintained through Delegated Proof-of-Stake (DPoS), where stakeholders elect Super Representatives who validate transactions and maintain the network.