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Author: Admin | 2025-04-28
Standard, there are a few shortcomings in the standard design itself, such as the lack of a standardized way of preventing the accidental sending of tokens to contracts that cannot process them. There have been new standards developed, such as ERC-223 and ERC-721 for non-interchangeable tokens, that try to bridge some of these shortcomings.ERC-20 still is one of the most meaningful and influential standards on the Ethereum blockchain. It has underpinned an uncountable number of projects and tokens, building up a contribution to the further development and growth of both decentralised finance and applications. Although limited, ERC-20 is still one of the most popular and versatile standards in the cryptocurrency world.What is TRC-20?TRC-20 is a token standard within the TRON blockchain for creating and deploying DApps and smart contracts on the TRON ecosystem. Like ERC-20 in Ethereum, it describes the rules that tokens should abide by in order to coexist in the TRON blockchain. This standard ensures the same interoperability between all different decentralized applications, games, exchanges, wallets, and other services.Features and Benefits of the TRC-20High Performance: TRON is designed for high performance and high scalability; hence, TRC-20 tokens are suitable for mainstream application in applications requiring fast transactions.Ethereum Compatibility: Because of the similarity to ERC-20, it is easy for developers to move their projects from Ethereum to TRON, which accelerates both the growth and diversity of the TRON ecosystem.Low Transaction Costs: Due to low transaction costs, one of the key advantages of the TRC-20 is that it makes the usage of tokens economically feasible both for the end user and the developer.Technical DetailsThe TRC-20 standard defines functions and events similar to ERC-20, including:TotalSupply: Returns the total number of tokens in circulation.BalanceOf: Displays the balance of tokens at an address in question.Transfer: Allows tokens to be transferred between addresses.TransferFrom, approve,
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