TRC-10 (TRON) Definition
TRC-10 is a technical token standard supported by the TRON blockchain network. It provides a set of built-in contract protocols that ensure flawless functionality and prevent clashes among different smart contracts.
TRC-10 Key Points
- TRC-10 is a token standard supported by TRON blockchain network.
- It provides a set of built-in smart contract protocols.
- Its primary use case is to prevent functional issues and conflicts between different smart contracts.
- The token issue can be done without any programming on Tron network.
- It is an easy and affordable solution for developers who want to create a token.
What is TRC-10?
TRC-10 stands for TRON Request for Comments-10. Simply put, it’s a protocol suite that defines a set of rules for token issuance on the TRON network. It differs significantly from another popular standard on TRON’s blockchain, TRC-20, in that it doesn’t require developers to write a smart contract.
Who uses TRC-10?
TRC-10 is mostly used by blockchain developers and businesses looking to issue their own crypto token on the TRON network. The simplicity in token issuance and low costs makes TRC-10 a favorite for those looking to take full advantage of the scalability, speed, and efficient smart contract processing offered by TRON.
Where is TRC-10 used?
This protocol suite is used overwhelmingly within the TRON network, a high-performance decentralized blockchain platform that aims to provide a foundation for a decentralized internet. Moreover, TRC-10 tokens can be traded on the Tron’s decentralized exchange, TRXMarket.
Why is TRC-10 significant?
TRC-10 is significant as it presents an easy and cost-effective way for businesses to issue tokens without coding their own smart contracts. Its high performance and scalability also make it an attractive choice for applications that need to support a large number of transactions.
How does TRC-10 work?
When a developer or business decides to launch a token on the TRON network using the TRC-10 standard, they specify their token’s name, total supply, and precision among other parameters. Once these elements are set, the TRON blockchain will recognize the rules laid out by the TRC-10 protocol and the token can function seamlessly within the network.
