What is TRC-20 token standard and what advantages does it offer compared to other token standards such as ERC-20 ?
TRC-20 is a technical standard used for smart contracts on the TRON blockchain for implementing tokens.
It is fully compatible with the ERC-20 standard on the Ethereum blockchain, which makes it easier to migrate from Ethereum to TRON. The TRC-20 token standard offers several advantages compared to other token standards such as ERC-20. First, it has lower transaction fees than ERC-20 tokens, making it more cost effective for users.
Second, it has faster transaction speeds than ERC-20 tokens, allowing for faster and more efficient transactions. Third, it has better scalability than ERC-20 tokens, allowing for more transactions to be processed at once. Finally, it has better security features than ERC-20 tokens, making it more secure and reliable for users.
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