Has it been difficult to understand the difference between "TRC20" and "ERC20" when exchanging USDT? Do not worry! If you have a basic understanding of the principles of blockchain or Proof-of-work, then it will probably be easy.

Initially, TRC20 and ERC20 are 2 different networks that utilize different blockchain platforms. ERC20 is derived from Ethereum, TRC20 is a blockchain network for Tron's blockchain network, an alternative to the Ether network, intended to facilitate faster, cheaper transactions.

It's important to know that TRC-20 and ERC-20 are protocol names associated with networks. Yes, just a hyphen, but it alters the definition of the word.

TRC20: why and wherefore

TRC20 allows users to transfer and exchange tokens without the need for an exchange platform or centralized service, such as Coinbase or Binance. This implies that there are no commissions involved in transferring funds between different accounts, this is why many people prefer to utilize this method.

TRC20's advantages include:

+ Capable of handling more information;

+ Low commissions;

+ Quick transactions.

TRC20's disadvantage:

- In order, to make a transaction, you need to pay a fee in TRX (TRC20) even if you use the USDT.

ERC20: why and wherefore

The ERC20 network is a decentralized network that facilitates the creation, distribution and exchange of custom tokens. The network is composed of Ethereum-based tokens and has a common set of regulations that must be followed by all tokens. This network is considered more dependable and has more benefits, but for the simple transmission of USDT, TRC20 is more often utilized.

Advantages of ERC20:

+ Widespread presence among exchanges and crypto platforms;

+ Approval and verification of transactions;

+ General rules for buying tokens.

Disadvantages of ERC20:

- High commissions;

- Long processing time for transactions.

Conclusion

Cryptocurrency transactions necessitate the use of a network that matches the requirements of ERC20, TRC20. Using an ERC20 wallet to transfer TRC20 will lead to a loss of funds. Additionally, if you originally wanted low fees, then you want to transfer your USDT to ERC20, you will not be able to do so. Therefore, consider what kind of network you want to use.