What are the similarities between the protocols?
All three protocols are used for tether (stablecoin) transfer.
(USDT) tether is a digital currency that is always worth $1 and the price of this currency never changes.
What is the difference between protocols?
All three protocols differ in speed and cost of transmission.
When making a USDT transfer, many users are presented with a choice of three different chain types that are available, at which point users may face the situation that they don’t know which chain type to choose when depositing and withdrawing. The differences between the three different chain types are described in detail.
The fee in Algorand is calculated based on the size of the transaction, and the user can increase the price for high-speed transfers.
There is no concept of fixed cost in Algorand.
The minimum fee for a transaction is only 1,000 microAlgos or .001 Algos.
The transfer fee for the TRC20 protocol is less than $ 2.
The transfer fee for the ERC20 protocol is approximately $ 35. Depends on network congestion.
Note: Since the USDT in the three networks are not interoperable, users should carefully check if the address is correct when depositing and withdrawing. In order to avoid unnecessary losses due to wrong address, special attention should be paid to the different address styles of the three types of chains. Each type of chain has its own advantages and disadvantages, users can choose according to their own assets.