TRC-10 is a technical standard used for tokens created on the TRON blockchain. It was introduced in 2018 and has since become one of the most popular standards for token creation on the TRON network. TRC-10 tokens are similar to Ethereum’s ERC-20, but there are some differences that make it useful for different types of projects.
One advantage of using TRC-10 tokens is their flexibility when it comes to customization. Token issuers can set up multiple parameters such as token name, symbol, total supply, decimals and more when creating their own unique token on the TRON blockchain with this standard. This makes them an attractive option for businesses looking to create custom assets or use cases within their ecosystem.
Another benefit is that transactions involving TRC-10 tokens are free – no transaction fees apply which makes them especially cost effective compared to other cryptocurrencies out there today. Additionally, these transactions also execute much faster than those involving Bitcoin or Ethereum which further contributes towards making them a good choice from a practical point of view.
It should be noted though that unlike ERC-20 tokens, TRC-10 does not support smart contracts so developers who need this functionality should look elsewhere for now if they want to build dapps on top of the TRON network. In general however, TRC-10 offers an easy way to launch new projects quickly without having too many technical hurdles along the way – making it ideal for entrepreneurs who want get started right away without worrying about complex coding requirements or costs associated with development process itself!