TRC20 wallet

Tron is a decentralized blockchain platform that enables the development of decentralized applications (DApps) and smart contracts.

Tron Blockchain was founded by Justin Sun in 2017 to revolutionize the way digital entertainment is created, distributed, and monetized.

It is designed to be highly scalable and efficient, capable of handling a high transaction throughput. The Tron protocol uses a delegated proof-of-stake (DPoS) consensus mechanism.

Tron’s native cryptocurrency is called TRX. It serves as a utility token within the Tron network, used for transactions, staking, and accessing various services and applications. Tron also introduced the TRC-20 token standard, which is compatible with the Ethereum ERC-20 standard, making it easier for developers to migrate their existing Ethereum-based projects to the Tron platform.

A TRC20 wallet address refers to a wallet address associated with the TRC20 token standard. TRC20 is a technical standard used on the TRON blockchain platform for the implementation of smart contracts and the creation of tokens.

Wallet addresses for TRC20 tokens are generated and used to send, receive, and store tokens on the TRON blockchain. These wallet addresses are alphanumeric strings that typically start with “T” and are followed by a series of letters and numbers.

Ledger is one of the most popular wallets that are known to support TRC10 and TRC20 tokens on the Tron Blockchain.

To find your Ledger TRC20 address on the Tron Blockchain, all you have to do is :

1. Open Ledger Live.
2. Connect your Ledger device and open the Tron app on your Ledger device
3. Navigate to the Accounts tab, click the Add account button, select Tron, and click Continue.
4. Once a Tron account is added, navigate to the Receive tab, select your Tron account, and click Continue. Ledger Live and your Ledger device will display your TRC20 address.
5. Verify this address on your device and click Confirm. This address can be used to deposit Tron or TRC20 tokens.

A TRC20 wallet app is an application, accessible on mobile/web or desktop devices, designed specifically for storing, managing, and engaging with TRC20 tokens.

A TRC20 wallet app like Ledger Live provides users with a secure and user-friendly interface to store and manage their TRC20 tokens. It generates a unique address for each user, which functions as their wallet address. With this address, users can receive TRC20 tokens from others or transfer tokens to other addresses within the Tron network.

Moreover, a TRC20 wallet app often incorporates additional features, such as transaction history, tracking token balances, and integration with decentralized applications developed on the Tron Blockchain. This integration enables users to interact with diverse DApps and engage in activities like trading, staking, or participating in token sales directly through their wallet app.

TRC20 and ERC20 are both token standards used on different blockchain platforms. TRC20 is a token standard used on the TRON blockchain, while ERC20 is a token standard used on the Ethereum blockchain.