Cryptocurrency Q&A
What is TRC20 in crypto?
What is TRC20 in crypto?
Caterina
Mon Dec 02 2024
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6 answers
967
TRC20 in crypto refers to a token standard operating on the TRON blockchain. It allows for the creation and deployment of smart contracts, enabling efficient and low-cost transactions. TRC20 tokens, such as TRC20-USDT, represent stablecoins pegged to the US dollar, maintaining stable value within the volatile cryptocurrency market.
6 answers
Daniele
Wed Dec 04 2024
TRC20, also recognized as USDT-TRON, represents Tether's USDT issued specifically on the TRON network.
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Alessandra
Wed Dec 04 2024
This integration allows for all activities and transfers associated with TRC20 to occur exclusively on the TRON network.
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AmyDavis
Wed Dec 04 2024
This digital asset operates as a technical standard token, adhering to the protocols and framework established within the TRON ecosystem.
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benjamin_stokes_astronomer
Wed Dec 04 2024
The TRC20 token leverages TRON's network or blockchain for its functionality, ensuring seamless integration and operation within the TRON environment.
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CryptoAlly
Wed Dec 04 2024
Transactions involving TRC20 tokens utilize TRON's unique address system, distinguishing them from other blockchain-based transactions.
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