Crypto Glossary

TRC-10 (TRON)

TRC10 is a technological token standard that does not require the TRON Virtual Machine and is backed by the TRON blockchain network (TVM).

What Is a TRC-10 (TRON)?

Unlike the TRC20 token, TRC-10 is a native token on the TRON blockchain that is utilized for basic token production and does not need the TRON Virtual Machine (TVM).

TRC-10 can be accessed through an API (application programming interface). TRC-10 has 1,000 times lower transaction fees than TRC20, but it necessitates additional bandwidth for API transactions and deposits.

Any account user on the TRON network can create a TRC-10 token for a minimum of 1,024 TRX. Account-holders on the network can also lock up their token individually. 

The issuer must specify a token name, overall value, TRX conversion rate, circulation length, definition, maximum bandwidth points per account, overall bandwidth points usage, and token stake when producing tokens.

TRON is a blockchain platform that enables the creation of smart contracts, virtual machines, decentralized exchanges, decentralized applications, smart contracts, wallets, and blockchain explorers. 

TRC-10 tokens were once part of the Ethereum blockchain until TRON's mainnet was launched, at which stage the tokens were exchanged and moved to their own blockchain network. They work with all major crypto wallets and, in many cases, are completely free to use.

When TRC-10 tokens are utilized in an ICO project, there are no listing fees to pay, and to develop TRC-10 tokens, no prior experience of programming languages is necessary. TRC-10 tokens' supply can be raised once they are created and they can also be burned if the tokens are returned to their originating address.

A user must have at least 1,024 TRX in their wallet to get a TRC-10 token. They are used in initial coin offerings (ICOs), blockchain-powered products, and as a payment method in decentralized applications (DApps). They have been utilized by well-known initiatives like BitTorrent token, a decentralized file-sharing service whose development process is made easier and simpler by the existence of a flexible blockchain network.

TRC-10 token has a high speed and is easily scalable, plus it is accessible via smart contracts and APIs.

In smart contracts, they are easily transferable, mintable, and upgradeable and users are not protected in the event that they misplace their TRC-10 tokens.

Furthermore, TRC-10 features a built-in tracking system and its transaction costs are a thousand times cheaper than those of TRC20 tokens.

TRON transactions are carried out using bandwidth points. Every TRON account receives around 5,000 free bandwidth points per day. TRC-10 is obtained when TRX holders freeze their tokens in an appropriate wallet. When tokens are moved via smart contracts, both bandwidth points and energy are spent, which is why TRON smart contracts need energy to be processed.

TRC-10 tokens let users experience faster download speeds than decentralized file-sharing systems.

TRC-10 tokens are utilized in a variety of industries, including banking and finance, real estate, retail, healthcare, supply chain management, education, gaming, media, the Internet of Things, augmented reality, virtual reality, and aviation. 

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