Can the BSC network mention the TRC20 network? BSC network mentions TRC20 network method

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BSC network and the TRC20 network are two different blockchain platforms. The BSC network is developed and maintained by Binance and uses the PoSA consensus mechanism, which is a combination of PoS and PoA ’s hybrid mechanism, while the TRC20 network is developed and maintained by the Tron Foundation, using the DPoS consensus mechanism. For these two networks, the most common place is to perform operations such as token transfers and recharges, and the corresponding network will be selected. But with the development of blockchain, some networks can already communicate with each other. Investors are also curious about whether the BSCnetwork can be brought to the TRC20network? At present, it is impossible to directly extract from the BSC network to the TRC20 network, but you can use a third party. The editor below will tell you in detail.

Can the BSC network mention the TRC20 network?

It is not possible to extract directly from the BSC network to the TRC20 network because the two networks use different blockchain protocols and address formats. However, assets can be moved from one network to another using cross-chain bridges or intermediary services. Here are the specific instructions:

1. Choose a cross-chain bridge or intermediary service

• Multichain: Supports asset conversion between multiple blockchain networks.
• BinanceBridge: The bridge service provided by Binance can convert assets between multiple networks.

Suppose you choose to use Multichain for cross-chain operations:

• Open Multichain’s official website and connect your BSC wallet.
• Select the assets you want to convert from the BSC network and the target network to TRC20.
• Fill in your Tron wallet address.
• Confirm the transaction details and submit the transaction.

The cross-chain bridge will convert and send your assets to your Tron address.

2. Exchange intermediary:

Binance can deposit assets on BSC into a Binance account and then withdraw them to the TRC20 network through Binance.

Assuming you choose to use Binance for intermediation:

• Deposit an asset (e.g. USDT) into your Binance account, using the BSC network.
• Make sure to select the BEP20 network.
• Log in to your Binance account, find the asset you deposited, and select the withdrawal option.
• Select the withdrawal network as TRC20 and fill in your Tron wallet address.
• Confirm transaction details and submit withdrawal request.

Binance will convert and send your assets from the BSC network to your TRC20 address.

What are the BSC Network and TRC20 Network?

BSC network and TRC20 network are two different blockchain networks, managed and maintained by different development teams, with their own characteristics and functions. Here are the main differences between them:

1. Developers and Management Team

• BSC Network: Developed and maintained by Binance.
• TRC20 Network: Developed and maintained by the Tron Foundation.

2. Consensus mechanism

• BSC Network: Uses PoSA (Proof of Staked Authority) consensus mechanism.
• TRC20 Network: Using DPoS (Delegated Proof of Stake) consensus mechanism.

3. Main Tokens

• BSC Network: BNB (Binance Coin)
• TRC20 Network: TRX (Tronix)

4. Ecosystem and Applications

• BSC Network: Rich DeFi projects, DApps and decentralized exchanges.
• TRC20 Network: Entertainment and content distribution platform.

5. Compatibility and Developer Support

• BSC Network: Compatible with Ethereum Virtual Machine (EVM).
• TRC20 Network: Independent of Ethereum but providing powerful development tools and support.

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