ABCC Exchange Partners with Tron to List TRC10 Token
January 16, 2019 2:26 pm
As per the tweet posted on 15th Jan, ABCC crypto exchange has collaborated with Tron (TRX) the ninth largest digital currency. The news has been subsequently confirmed on Twitter by Tron’s founder and CEO Mr. Justin Sun.
According to the announcement, the collaboration has made ABCC the first cryptocurrency exchange to list tokens based on Tron’s TRC10 standard.
The announcement was made a few days after the exchange first unveiled that it was in the process of adding support for tokens based on both the TRC10 and TRC20 standards.
As per the Tron’s guide for developers, TRC10 is a technical standard for tokens that are supported by the digital currency’s native blockchain without the deployment of the Tron Virtual Machine (TVM).
On the other hand, TRC20 is a technical standard used for smart contracts that implement tokens with the TVM. It is also entirely compatible with Ethereum’s ERC-20 standard tokens.
In December’18, Tron’s CEO Mr. Justin Sun stated that the company would form a fund to save Ethereum and EOS developers from what he termed the collapse of their respective platforms.
Recently, former chief strategy officers of BitTorrent contended that Tron would not be able to handle the necessary transaction volume needed to tokenize the torrent client. Having acquired BitTorrent in July 2018, Tron used its protocol to launch a digital currency token for the platform named “BTT” in early January this year.