What is the difference between ERC20 and trc20?

Could you please elaborate on the distinction between ERC20 and TRC20? I've heard about these two standards in the cryptosphere but am still a bit hazy on their specific differences. ERC20, I know, is a widely adopted token standard on the Ethereum blockchain, but what about TRC20? Is it similar in function or does it serve a different purpose? Could you provide some examples or scenarios where one might be preferred over the other? Also, are there any specific advantages or disadvantages associated with each standard? Thank you for clarifying this matter for me.