What is TRON Token? And How to create TRON tokens?
What is TRON Token?
TRON tokens (TRX) are utility tokens developed on the TRON Blockchain. It is a digital asset that serves as a medium currency for all TRON-based tokens. It works as peer-to-peer transactions without any intermediate. TRON also has different token standards- TRC10, TRC20, and TRC721. TRC10 & TRC20 are fungible tokens whereas TRC721 is a non-fungible token standard.
What is TRC10?
TRC10 is one of the technical token standards supported by the TRON blockchain. It's the first token standard for TRON after the mainnet launch when TRON moved into its own blockchain platform. It is easy to create TRC10 tokens as the flexibility of the blockchain is higher.
What is TRC20?
TRC20 is an updated version of TRC10. TRC20 uses TRON Virtual Machine (TVM) that makes the TRC20 tokens more powerful than TRC10 tokens. It is also highly secure as the TRC20 standards are developed with smart contracts. The TRC20 token standards are compatible with ERC20 token standards.
Why develop TRON Token?
There are many notable reasons to create a Tron token.
Smart Contract Enabled
While developing a TRC20 token, the smart contracts are enabled which states that TRC20 tokens are highly secure.
All the TRON token standards are embedded with Peer-to-peer transactions which ultimately eliminates the intermediate or middleman process. This feature also reduces the cost of TRON token development.
TRON tokens are being developed with TRON Virtual Machine (TVM) which is similar to EVM. This TVM helps in improving the stability, security, and compatibility of the TRON token. But this feature is available only for TRC20 token development. TRC10 token does not utilize TVMs.
TRON tokens have high throughputs by adjusting TPS.
Using TVM guarantees the preciseness of every step of computation to a large step.
How to create TRON tokens?
TRON tokens can be developed on your own. But it requires high-level coding skills. And also when it comes to smart contracts it is better to leave the process to a professional. You have to find a trustworthy development company that is good at TRON token development Company. The rest will be done by them.