TRC-20
Web3 / cryptocurrency types
TRC-20 is the token standard for the TRON blockchain that specifies how fungible tokens are created, transferred, and managed on the network. Similar to Ethereum's ERC-20, TRC-20 defines a set of standardized smart contract functions and events that enable consistent token behavior across the ecosystem. TRON's implementation offers significant advantages over ERC-20, including substantially faster transaction confirmation times measured in seconds rather than minutes, dramatically lower transaction fees, and higher throughput capacity. The standard has become foundational for the TRON ecosystem, allowing seamless integration with wallets, exchanges, and decentralized applications while maintaining robust security protocols and ownership verification mechanisms. Example: Tether (USDT), one of the world's largest stablecoins with billions in market capitalization, operates as a TRC-20 token on TRON, leveraging the blockchain's speed and low fees to facilitate rapid cross-border payments and trading. Why it matters for cryptocurrency: TRC-20 standardization enables rapid token adoption and integration across TRON's growing ecosystem, while TRON's superior transaction speed and cost structure make it increasingly competitive for remittances, payments, and DeFi applications compared to Ethereum.
Explore the full Web3 Glossary — 2,062+ expert-curated definitions. Need guidance? Talk to our consultants.