What Is a TRC-10 (TRON)?
A TRC-10 (TRON) is a type of digital asset that runs on the TRON blockchain. It is similar to Ethereum’s ERC-20 token standard, but it has some key differences. Unlike ERC-20 tokens, which are built on top of the Ethereum network and require ETH for gas fees, TRC-10 tokens run natively on the TRON blockchain and do not require any additional fees or resources to be used. This makes them more cost effective than their counterparts in other networks.
The main purpose of a TRC-10 token is to represent an asset within the TRON ecosystem such as loyalty points, virtual goods, or even real world assets like stocks and bonds. They can also be used as utility tokens for various applications running on the platform such as decentralized exchanges or games. Additionally, they can be used by developers to create custom smart contracts with specific rulesets tailored specifically for their needs without having to worry about compatibility issues between different blockchains.