ABCC Exchange Becomes First to Issue Tron’s TRC10 Tokens

Jan 16, 2019 at 17:00 Update Date :Jan 16, 2019 at 17:00 UTC

TRON on Jan.15 announced that it would be listing TRX tokens based on the new TRC10 standard on ABCC Exchange, beginning a new partnership in the process. Justin Sun, founder and CEO of Tron, took to Twitter to confirm the news.

ABCC Exchange tweeted:-

Tron’s CEO had this say on the occasion:-

This collaboration is also of first of its kind and has made ABCC the first crypto exchange in the market to list tokens based on Tron’s TRC10 standard.

This comes on back of its announcement a couple days prior to the launch, in which the exchange was stated to be developing support for TRC10 and TRC20 standard tokens.

The two standards seem to differ in the way of their implementations.

The TRC10 tokens supposedly support Tron’s native blockchain without the deployment of the Tron Virtual Machine (TVM).

The TRC20 standard, however, is used for the implementation of smart contracts that make use of tokens through the TVM. In addition to this, it is also said to be compatible with Ethereum’s ERC-20 tokens.

Recently, Justin Sun had said that his company would help Ethereum and EOS developers should their platforms reach the brink of collapse by building a fund to support them.

Tron acquisition of BitTorrent was also met by doubts with former chief strategy officer of BitTorrent arguing that Tron would not be able to handle the heavy transaction volume that would be required in order to completely tokenize the torrent service.

Regardless, Tron had launched a cryptocurrency for use on the platform itself earlier this month, dubbed as the “BTT”.

Tron, currently ranked as the ninth largest cryptocurrency in terms of market cap at $1.6 billion, was reported valued $0.0243 at the time of writing, down nearly 4% from its start of the day trading price.

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