Many crypto enthusiasts, including experienced ones, wonder what’s the difference between TRC20-USDT and ERC20-USDT.
What does TRC20 mean?
TRC20, also referred to as USDT-TRON, is Tether’s USDT that is printed on the TRON network. It is a technical standard token that operates on the TRON network or blockchain using an address that belongs to TRON. As a result, all transactions using the TRC20 occur on the TRON network.
What wallet supports USDT TRC20?
Currently, TRC20-USDT is supported by the following exchanges:
What does ERC20 mean?
TRC20-USDT and ERC20-USDT are different and now we’ll explain what ERC20 is. ERC-20 is the technical standard for fungible tokens produced using the Ethereum network. ERC stands for “Ethereum request for comment.” Different tokens with smart-contract functionality can be exchanged thanks to ERC-20. Developers may program how new tokens will operate in this environment by using the ERC-20 standard, which establishes a common set of guidelines for Ethereum tokens to adhere to within the wider Ethereum ecosystem.
Which wallet is ERC20 compatible?
The Ethereum blockchain can be used in conjunction with the following wallets. This is necessary for token sales in order for the network to engage with smart contract features like token transfers and ICO participation (Initial Coin Offering).
FAQ: What’s the difference between TRC20-USDT and ERC20-USDT?
No, you can’t as the USDT would need to be bridged from Tron to Ethereum, but TRC-20 is issued on the Tron blockchain and ERC-20 is on the Ethereum blockchain. If you send your USDT this way your money will be lost forever.
You can use an exchange to do this transaction. Check out the Best Rates to find out about commissions on different exchanges and choose the most suitable one.
Yes, you can because TRC-20 is on the Tron blockchain. The USDT (TRC-20) exchange typically takes between one and two minutes.