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Cryptocurrency veterans: Why do they prefer TRC-20 USDT over ERC-20?
After spending a long time in the cryptocurrency circle, one interesting phenomenon emerges: old players prefer to use the Tron chain's TRC-20 protocol for USDT transfers and try to avoid Ethereum's ERC-20. Behind this lies countless hard-earned lessons — the traps of fake USDT, address freezing, high fees, and each pitfall could lead to the sudden annihilation of your hard-earned assets. Today, let's dissect the survival wisdom behind this 'Chain Protocol War.'
1. ERC-20: A hard-hit area of counterfeit coins
Ethereum's ERC-20 protocol is like an open token factory, where anyone can issue a token named 'USDT', and even the logo can be perfectly mimicked. Data from a certain exchange in 2023 showed that 23% of 'USDT' transfers on the platform came from fake contract addresses, with three typical characteristics of these fraudulent tokens:
1. ERC-20: A hard-hit area of counterfeit coins
Ethereum's ERC-20 protocol is like an open token factory, where anyone can issue a token named 'USDT', and even the logo can be perfectly mimicked. Data from a certain exchange in 2023 showed that 23% of 'USDT' transfers on the platform came from fake contract addresses, with three typical characteristics of these fraudulent tokens:
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