Ethereum, TRON, and Binance Smart Chain are three of the most popular blockchains used for crypto token development currently. Solana has gained its popularity in 2021. They use ERC-20, TRC-20, BEP-20, and SPL standards respectively.
Token
A token is a cryptocurrency built for a particular project and using an existing blockchain.
ERC 20
ERC 20 (Ethereum Request for Comments) is an Ethereum token. ERC-20 has emerged as the technical standard; it is used for all smart contracts on the Ethereum blockchain for token implementation and provides a list of rules that all Ethereum-based tokens must follow. As of January 2022, around 489,325, a 10% increase from August 2021, ERC-20 compatible tokens exist on Ethereum’s main network.
Plenty of well-known digital currencies use the ERC-20 standard, including Maker (MKR), Basic Attention Token (BAT), Augur (REP), and OmiseGO (OMG).
TRC 20
TRC 20 (Tron Request for Comments)is a technical standard used for smart contracts on the TRON blockchain for implementing tokens with the TRON Virtual Machine. It is fully compatible with ERC-20.
The biggest advantage of choosing Tron over other network protocols is that it charges…
