Basics of Tron (Part 31) : TRC Token and their types
Intro
Intro
The Tron Fan Club community works with people who love Tron Blockchain and are interested in blockchain technology. As a moderator of the community, I am regularly sharing the details of Tron with you. Our knowledge on any subject is enough. So, it’s a knowledge sharing opportunity for all of us. This community is an initiative to share tron based knowledge with each other.
Those who know a lot about the Tron blockchain have certainly come a long way, but for those who are brand new or want to get an idea on it from the beginning is a challenge. I am constantly writing in this community about the basics of Tron, from the very beginning. The name of this series I write about Tron is Basics of Tron. I provide links of my previous posts so that you can get a better idea by visiting those as well. Hopefully, tron lovers will be benefited from this series.
TRC is an acronym that can refer to several different things in the crypto world. TRC can refer to TRON Classic, which is a crypto that was created as a fork of the TRON (TRX) blockchain. TRON Classic is designed to be a more decentralized version of TRON and aims to offer a more equitable distribution of tokens.
TRC can refer to TRON Certificate, which is a token standard used on the TRON network. TRC tokens are used to represent various types of assets on the TRON network, such as tokens representing real-world assets like stocks, commodities, or real estate.
TRC tokens are a type of crypto or token that operates on the TRON network and provides access to different services or assets on the TRON blockchain. It's important to note that TRC tokens should not be confused with TRX, which is the native crypto of the TRON network.
There are several types of TRC tokens that operate on the TRON network. These include:-
1. TRC-10 Tokens: TRC-10 is a technical standard for tokens that are built on the TRON blockchain and are compatible with TRON's virtual machine. These tokens have a maximum supply and can be easily created, traded, and managed on the TRON network.
2. TRC-20 Tokens: TRC-20 is a technical standard for tokens that are built on the TRON blockchain and are compatible with the Ethereum blockchain's smart contract functionality. TRC-20 tokens are more complex and feature-rich than TRC-10 tokens and can be used for a variety of purposes, such as representing stocks, commodities, or other assets.
3. TRC-721 Tokens: TRC-721 is a technical standard for unique tokens that are built on the TRON blockchain. TRC-721 tokens are unique and have unique properties, such as unique ownership and transferability. TRC-721 tokens are often used to represent collectible items or in-game items.
These are the main types of TRC tokens that operate on the TRON network. The type of TRC token used will depend on the specific use case and the desired features and functionality. TRC tokens are a flexible and versatile way to represent various types of assets on the TRON network.
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