Home web3.0 What is the difference between virtual currency trc and erc?

What is the difference between virtual currency trc and erc?

Apr 28, 2024 pm 02:44 PM
Blockchain cryptocurrency Ethereum exchange Ethereum wallet

TRC and ERC are blockchain token standards. TRC runs on the TRON network, while ERC runs on the Ethereum network. They differ in address formats, supported wallets, token usage, contract functionality, development environments, and fee structures.

What is the difference between virtual currency trc and erc?

The difference between TRC and ERC

TRC and ERC are both token standards on the blockchain. Use for creating and deploying tokens. Their main differences are:

Network:

  • TRC token runs on the TRON network.
  • ERC tokens run on the Ethereum network.

Address format:

  • TRC token address starts with "T".
  • ERC token addresses start with "0x".

Wallet and Exchange Support:

  • TRC token is mainly supported in TRON wallets and exchanges.
  • ERC tokens are widely supported in Ethereum wallets and most cryptocurrency exchanges.

Token Usage:

  • TRC tokens are typically used for utility purposes, such as paying fees on the TRON network or participating in applications.
  • ERC tokens have a wider range of uses, including utility, governance, and financial tools.

Smart contract functionality:

  • TRC tokens provide limited smart contract functionality.
  • ERC tokens utilize the Ethereum Virtual Machine (EVM) to support more complex smart contracts.

Development environment:

  • The development environment of TRC token is based on Java.
  • The development environment for ERC tokens is based on Solidity.

Fees:

  • Transaction fees on the TRON network are generally lower than those on the Ethereum network.

To summarize, the main differences between TRC and ERC are the network they run on, address formats, supported platforms, token usage, smart contract functionality, development environment and fee structure.

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