TRC20 is a space for the people to exchange tokens issued on the TRON platform. The TRC20 was launched just this last week and can be found at TRX.market. The primary block explorer and information service for the Tron ecosystem, the previous version, TRC10 exchange are still on Tronscan.
While the TRC10 token is a user-issued token that totally gives up the idea of writing a smart contract. TRC20 token provides all-in-one functionality and power of a smart-contract based token system. Both the tokens can be considered to be as Tron-native analogues to ERC-20. TRC20 is said to be nearly similar to ERC-20.
A number of decentralised applications are currently running on the TRON platform in spite of the fact that the crypto verse is severely down to nearly as much as 50% over the last week. TRON is currently trading at $839,985,831, priced at $0.012639 and the circulation supply being 66,462,188,325.
If one wants his ICO to be possessed of more complex distribution rules, he needs his token to be able to be sent in fractions. TRC20 is always a better option in these cases. TRC20 token standard makes it convenient for everyone to make conditional transactions. In fact, deploying a TRC20 token is not very easy. It demands the knowledge of deploying smart contracts which are again complicated with the currently available tools. Once this is handled, smart contracts would permit to set different rules like setting a bonus period where the users participating in the particular ICO receive more tokens on a first come first serve basis. This seeks to solve the issues related to limitations while managing TRC10.
TRC20 token has the capacity to implement extra logic which is absent in the standard TRC10 tokens in a scenario when smart contracts provide endless possibilities. True that TRC20 consumes both Bandwidth and Energy, but it is much more powerful than that if TRC10. While starting a TRC10 token does not require any programming knowledge, it lacks the flexibility of the smart contracts logic. TRC20 tokens can be multiplied in number after it had been initiated which is not possible with TRC10.
TRC20 protocol is part of the TrustNode minable Directed Acrylic Graph (DAG) public ledger. It aims to create a standard for easy, scalable, efficient microtransactions, where TRX20 will be playing the most significant role in the sphere. TRC20 tokens can be stored, managed, and transferred from TrustNote’s Super Wallet.