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Tron's CEO announces that the ABCC exchange is working with Tron to become the first ever platform to support the TRC-10 token standard
Just recently, the ABCC exchange has tweeted that it has started to offer support for the TRC-10 coin standard and intends to soon list 10 TRX-based tokens.
We are pleased to announce our partnership with @Tronfoundation before # niTROn2019! @Justinsuntron#ABCC it is the first exchange that will list #TRX 10 tokens: we are one of the best exchanges with great security and user interface. Stay tuned!
#Blockchain mass adoption is coming pic.twitter.com/8T5mcgB9jn– ABCC Exchange (@ABCC_Exchange) January 15, 2019
Is Tron copying Ethereum?
Until now, the most famous token standard was the EthCeum ERC20, which was used by Tron and EOS to launch their first chains on Ethereum before leaving for their mainnets in mid-summer 2018.
Now, it seems that Tron is so eager to outperform the Ethereum that he has introduced his own token standard and is doing everything to spread it in the encrypted industry.
At the beginning of 2018, Vitalik Buterin accused Tron of plagiarizing the Ethereum white paper. Recently, Justin Sun did an update of the above document and publicly invited Vitalik to censor it, as U.Today reported earlier.
What exactly is TRC-20?
As a guide for developers, TRC-10 is a token standard supported by the Tron native blockchain (TRX) and that works without using the Tron Virtual Machine (TMV) – also a function initially created by Ethereum (Ethereum Virtual Machine) but later adopted by Tron.
In the meantime, the TRC-20 tokens are used to run smart contracts supported by TVM and are fully compatible with ERC20 tokens.
Previously, it was reported that the TRC-10 standard will become the basis for the BitTorrent currency (BTT), which will be used as an incentive for BitTorrent users in the future after the base of 100 million file-sharing users of the giant is integrated into the Tron network. The sale of BTT tokens should take place on the Launchpad platform recently configured by the Binance exchange.
Recent cases of TRX adoption
Recent posts on Twitter exchanges bring good news for members of the Tron community. TRX has been listed on OKCoin. Another good news is that TRX has been integrated into the CoinGate payment service, opening TRX to be accepted by thousands of online sellers.
Finally, the TRXMarket dex was added to Coincodex, to its list of exchanges evaluated.
#TRON (TRX) is now available on CoinGate! Native integration allows you to spend freely $ TRX to thousands of our online sellers, or you can accept it as a means of payment in your store. More information on our blog! https://t.co/yzWru3aaOV @tronfoundation @justinsuntron #crypto pic.twitter.com/ClgpmcdF5G
– CoinGate (@CoinGatecom) January 14, 2019
Current position of the Tron market
At the time of writing this, TRX is trading at $ 0.0245, still holding position no. In the last 24 hours, the currency showed a decline of 2.10 percent. Its current market capitalization is $ 1 639 184 033, which is about $ 300 million less than Litecoin's.
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