Blockchain and Cryptocurrency Beginner - ERC-721 and TRC-20 Token Standards - How to Verify the Amount of Erc-721 And how To Check the Amount of Trc20 Tokens Existing

How to verify the amount of ERC-721

The ERC-721 is also an ethereum-based standard token. It is basically a free standard that is used for the creation of non-fungible tokens also known as unique and unchangeable tokens unlike the ERC-1155 standard which gives more flexibility. To verify the amount of ERC-721, we are going to be making use of etherscan which is without a doubt a very important tool for accessing info on the ethereum blockchain. To do this,

• Visit https://etherscan.io
• At the navigation at the top, click on the “Tokens” dropdown

• Select ERC-721 Token

• The next page contains the information about the amount of ERC-721

From the screenshot, you can see that the amount of ERC-721 token is 11,117 ERC-721 token contract

About the TRC20 Token Standard

The tron blockchain is one of the blockchain that has a lot of similarities with the ethereum blockchain and is considered as one of ethereum’s competitors. However, tron has been able to achieve what ethereum has failed to achieve in the aspect of fees as tron remains one of the fastest blockchains with smart contract functionalities and with incredibly low fees.

Much like the ethereum-based ERC tokens, the tron based tokens are known as the TRC tokens. The TRC-20 tokens on the tron blockchain functions similarly to that of the ethererum ERC-20 tokens but with slight differences. TRC-20 tokens are basically tron based tokens created with smart contracts on the tron blockchain which was created by making use of the TVM which is the Tron Virtual Machine.

A clear example of a TRC-20 token is WINkLink WIN token which has gained massive price increase and attention over the past few months. WIN is basically a tron-based token on the tron blockchain that utilizes the TRC-20 standard using smart contracts with the capability of minting new fungible TRC-20 tokens. At the moment, WIN is currently sitting on number 150 on coinmarketcap with a marketcap of $416,140,323, circulating supply of 313,607,571,387 WIN, total supply of 994,855,928,116 WIN.

How to check the amount of TRC20 tokens existing

To check the amount of TRC-20 existing, we are going to be making use of tronscan which is without a doubt a very important tool for accessing info on the tron blockchain. To do this,

• Visit https://tronscan.org
• At the navigation at the top, click on the “Tokens” on the dropdown,

• Select Token Tracker

• The next page contains the information about the amount of TRC-20 existing

From the screenshot, you can see that the amount of TRC-20 token is 10,358 TRC-20 tokens

The Ethereum-based ERC token standard has proven to be very beneficial in the creation of ERC based tokens. The same goes to tron, the tron TRC20 tokens have proven to have a lot of not only similarities to the ERC-20 tokens but also a lot of benefits as well.