Everything You Must Know about TRC20 Wallet Development

TRON network has gained significant traction among investors and traders. It is a decentralized platform compatible with the Ethereum network and carries out low-cost transactions. According to market reports, the platform has 196 Million accounts, and 6.7 Billion transactions are carried out on it. This makes it the fastest-evolving public Blockchain.

The network has numerous applications, from dApps to token standards.TRC20 wallet has become a preferred choice of enterprises that ensures secure storage and asset transfers. The wallet is a blockchain-based solution that can be crafted with sound domain knowledge and expertise. This is when you need a reliable Tron wallet development company to customize the solution according to your business needs and target audience.

TRC20 wallet development is a step-by-step process. Continue reading the blog to learn more about developing a TRC20 wallet on Tron Blockchain:

An Overview of the TRC20 Wallet

TRC20 wallet is software that holds TRC20 Tokens. The wallet stores and transfers TRX & tokens supporting the TRC20 standard. It is a decentralized solution, which means the complete asset and data authority is in the hands of the users. The wallet comprises a simple and intuitive interface, enhancing the experiences of beginners and experienced investors. Moreover, the platform has been integrated with advanced security mechanisms that protect the contents from unauthorized access.

Tokens Supported by TRC20 Wallet

TRC20 wallet supports tokens that are TRC20 standard compliant. The standard is similar to the ERC20 standard used for creating and managing tokens on the TRON network. Below is the complete list of tokens supported by TRC20 wallets:

• Stablecoins : Tether (USDT), USD Coin (USDC), Dai (DAI), and Gemini Dollar (GUSD)
• Exchange tokens : Binance Coin (BNB), Huobi Token (HT), and KuCoin Shares (KCS)
• Defi tokens : Uniswap (UNI), Compound (COMP), and Aave (AAVE)
• Other tokens : TRX, BTT, WIN, and JST

Related : How To Create Your Own TRC20 Wallet Like TronLink

Apart from these tokens, the platform also supports custom tokens. This means you can create your own tokens and launch them on the wallet.

Navigating the Remarkable Features of TRC20 Wallet

TRC20 Wallets includes various features used for managing and interacting with the Tron network. Tron Wallet development services integrate the feature set as per your requirements. Let us dive deeper and explore them in detail:

• Token Balance Tracking
• Multi-currency & Multi-Asset support
• Real-Time conversion rate
• Push Notifications
• Advanced Security Measures
• Intuitive Interface
• dApp Integration
• Staking & Governance

Top Reasons to Invest in TRC20 Wallet

TRC20 Wallet has become a preferred investment choice for varied-sized businesses. This is because the platform provides them with a simple ecosystem to store the assets. The platform has extensive capabilities, which makes it a sound investment choice, as highlighted below:

1. The platform is non-custodial in nature. Users who demand such wallets are huge which increases the chances of expansion.

2. TRC20 wallet offers node reliability and stability, thereby supporting free node switch and breakpoint connection.

3. As an admin, one can earn profits by levying platform fees for storing, transferring, and obtaining cryptos.

4. The wallet halts the transaction till the account becomes unfrozen. This gives users a chance to complete the tasks.

5. The gas fees of the platform is less compared to Ethereum. Thus, Most startups prefer investing in these wallets.

Due to the above reasons, TRC20 wallet development has become a sought-after choice for global businesses.  Besides remarkable features, the platform allows enterprises to capitalize on their investments and boost their revenue.

How to Create a TRC20 Wallet

The process of TRC20 wallet development has been divided into steps. Every step is crucial and provides a secure and reliable solution discussed in detail below :

• #Step 1 : Ideation 

The first and foremost step of TRC20 wallet development is requirement gathering and analysis. The business analysts will schedule a consultation call to determine your requirements and will draft a budget accordingly.

• #Step 2 : Simple & Intuitive Interface

Different users will utilize the wallet. Therefore, the solution is packed with a simple and user-friendly interface and aims to offer a seamless user experience. Furthermore, this boosts customer loyalty to a great extent.

• #Step 3 : Development

The project design is shared with the client for approval. Also, the development process starts post-approval. The wallet is integrated with an advanced tech stack to remain competitive and relevant in the future.

• #Step 4 : Testing & Launch

TRC20 wallet is tested against different use cases to identify bugs and glitches. The TRC20 wallet development company eliminates these to enhance the security and functionality of the platform.

• #Step 5 : Support & Maintenance

The platform is regularly updated for smooth performance. The modifications are performed based on the user feedback for optimum performance.

How Much Does it Cost to Create a TRC20 Wallet

Cost is a crucial component of TRC20 wallet development. The development cost is affected by numerous factors that have been discussed as follows :

• Features & Functionalities

• Security Measures

• Size & Location of Development team

• Hours Devoted

• Maintenance & Support

Why consult Antier for Creating Your TRC20 Wallet

Antier is a renowned TRC20 wallet development company. Our developers are well-versed with the latest technology trends and regulations integrated while developing the wallet. We adopt strategic processes and develop innovative wallets so that you make a mark in the crypto space. Every solution is integrated with advanced security mechanisms to protect assets and data. Connect with the experts to launch an efficient solution or a free demo today!