ERC20 vs TRC20 network

[GIFTMICHAEL]

I never transacted around this two tokens before. They're running via trx Blockchain and ERC Blockchain respectively. I'm simy new to Cryptocurrency with time I'll learn about them.

 

[Snazzy001]

I now know the difference and know why they are different as well. It was hell for me the day I send bitcoins longley to the wrong network

 

[Sincerem]

Trc10 is always one of the best and are choosen by so many people because it offers the lowest transaction fee. The ethereum network not really give you anything good other than higher transaction fee.

 

[Planbizzle]

These are the two networks that I have come across when I am making transactions, and I have noticed that there are some sites that only accept deposits or withdrawals on the ERC20 network or the TRC20 network and specify that it is network specific. Therefore, if the networks don't match up between the two wallets then you are likely to lose your funds. However, what is the difference between these two,

The ERC20 is the tether based network that is based on ETH (Ethereum), whereas the TRC20 is based on the TRON network. This is the reason for there being a difference in the transaction fees of these two networks as well, as ETH based transaction are often more expensive than TRC20 based transactions.

Were you aware of this difference? And have you made this mistake of sending coins over the wrong network before?

Both ERC20 and TRC20 are token standards that are used to issue and manage tokens on their respective networks. TRC20 is used on the TRON network, whereas ERC20 is used on the Ethereum network.

 

[Mayorla]

For me, I would pick TRC20 over ERC20. When sending USDT to any one, I make use of TRC20 Network, The transaction fee is much lesser than using ERC20. No matter the amount I intend sending via TRC20, I would only get charged not more than $1.

 

[Connor909]

The two separate token standards ERC20 and TRC20 are utilized to build digital assets on their respective networks. The TRC20 token standard is utilized on the TRON network, while the ERC20 token standard is used to create and manage tokens on the Ethereum network. The majority of Ethereum wallets are compatible with ERC20 tokens, which are based on the Ethereum blockchain. TRC20 tokens, on the other hand, are based on the TRON blockchain and work with the majority of TRON wallets.