Cryptocurrency
What is TRC-20?
TRC-20 is the token standard on the TRON blockchain, most commonly used for USDT. It is usually the cheapest network for a hosting-sized payment, with fees measured in cents and confirmation in about a minute.
Why TRC-20 matters
It is usually the cheapest network for a hosting-sized payment, with fees measured in cents and confirmation in about a minute.
TRC-20 in practice
When you run a server here, TRC-20 is the token standard you use to pay the invoice if you hold USDT on TRON. Look at the OxaPay address the panel gives you, send the exact USDT amount, and confirm the transaction within about a minute. The fee is cents, so you keep more of your payment. If you send on the wrong network, the money goes to a wallet you do not control — that is the real cost of getting it wrong.
What people get wrong about TRC-20
People assume TRC-20 and ERC-20 are interchangeable because both are called USDT. They are not. TRC-20 runs on the TRON blockchain; ERC-20 runs on Ethereum. Sending a TRC-20 token to an Ethereum address or vice versa will lose the funds. The correction: check the network field in your wallet before you confirm.
TRC-20 — common questions
Is TRC-20 the same as ERC-20?
No. TRC-20 is the token standard on the TRON blockchain, while ERC-20 is the standard on Ethereum. They are different protocols on different networks. Sending a TRC-20 token to an Ethereum address will likely lose the funds, so always verify the network.
Why use TRC-20 for payment?
For hosting-sized payments, TRC-20 is usually the cheapest network, with fees measured in cents and confirmation in about a minute. That is faster and less expensive than some alternatives, making it practical for small recurring invoices.
More from cryptocurrency
- Monero
- Monero is a cryptocurrency that hides sender, receiver and amount at the protocol level using ring signatures, stealth addresses and RingCT.
- Ring signature
- A ring signature proves that one member of a group signed a message without revealing which one.
- Stealth address
- A stealth address is a one-time destination address generated for each payment so that transactions to the same recipient cannot be linked.
- RingCT
- RingCT conceals transaction amounts on the Monero blockchain while still allowing the network to verify that inputs equal outputs.
- Stablecoin
- A stablecoin is a token pegged to a fiat currency, typically the US dollar, and backed by reserves held by an issuer.
- Confirmation
- A confirmation is a block added to the chain after the block containing a transaction, each making reversal exponentially harder.
- Atomic swap
- An atomic swap exchanges two cryptocurrencies directly between wallets, with cryptography guaranteeing that either both sides complete or neither does.