Cryptocurrency Q&A Is ERC-20 the same as TRC 20?

Is ERC-20 the same as TRC 20?

Silvia Silvia Sun May 12 2024 | 7 answers 995
Could you clarify for me if ERC-20 and TRC-20 are interchangeable or identical? I've heard both terms being used in the context of cryptocurrencies and blockchain tokens, but I'm not entirely sure about their similarities or differences. ERC-20, as I understand, is a technical standard used for smart contracts on the Ethereum blockchain, defining a common set of rules for tokens. But what about TRC-20? Is it a similar standard used on a different blockchain platform? Or does it serve a completely different purpose? I'd appreciate it if you could provide a brief overview of both standards and explain how they might differ, if at all. Thank you in advance for your clarification. Is ERC-20 the same as TRC 20?

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