The Founder and CEO of TRON, Justin Sun today highlighted the benefits of TRC10 and TRC20 tokens through a recent tweet.
TRC10 & TRC20 tokens
✅#TRC10 token, a technical standard supported by #TRON blockchain natively without TRON Virtual Machine(TVM).
✅#TRC20 token, a technical standard used for smart contracts on #TRON blockchain for implementing tokens with #TVM.https://t.co/HZ4TjF7bN5
— Justin Sun (@justinsuntron) March 18, 2020
TRON (TRX) is a blockchain-based platform for decentralized applications commonly known as DApps. Similar to other platforms like Ethereum, TRON enables its users to create or issue tokens on its blockchain. These tokens can be used as Dapp’s currency or its usage depends on the user’s choice.
The two tokens that are issued by TRON are TRC10 and TRC20.
The TRC10 Tokens
The TRC10 tokens became available after TRON’s mainnet launch when it moved to its own blockchain from Ethereum. Since these tokens are easy to create, mostly the TRON-based tokens are TRC10 tokens.
The TRC10 tokens are used in high profile projects like BitTorrent Token (BTT) which enable faster downloads on BitTorrent, which is the largest decentralized protocol for file sharing with 100 million users.
The TRC20 Tokens
The TRC20 provides these TRON-based tokens with better functionality, as it is used in smart contracts. For instance, a project based on TRON can automatically issue more TRC20 tokens for users making an early purchase by programming for an early purchase bonus into the token’s smart contract.
But since the issuing of TRC20 tokens is quite a complex procedure with the addition of functionality and possibilities of customization, the TRC10 tokens are more commonly used.
TRON is one of the most ambitious projects which aims to establish a completely decentralized internet and infrastructure. The TRON Protocol is one of the largest blockchain-based operating systems that offer public blockchain support of high throughput, high scalability and provides maximum availability of all Decentralized Applications (DApps) in the TRON ecosystem.