Tron
Tron trx
TRON (TRX) is the native cryptocurrency of the blockchain platform of the same name, which is the basis for decentralized applications. The TRON coin is among the top twenty crypto assets by market capitalization.
TRON appeared in 2017 in China and was presented as an "Ethereum killer". The creator declared simplified development of decentralized applications and support for smart contracts of other blockchains.
Despite its long-term development, the TRON ecosystem remains limited, although it includes several large projects, including in the field of decentralized finance (DeFi).
What is TRON (TRX), who created it?
TRON (TRX) is not just another blockchain in the cryptocurrency market, but an entire ecosystem aimed at decentralizing digital content. TRON was created in 2017 by Justin Sun, and today it has become a 24/7 factory of decentralized applications (DApps).
The TRON blockchain platform was developed under the leadership of a young Chinese entrepreneur Justin Sun. Before that, he represented Ripple in China and launched the popular mobile app for voice streaming Peiwo.
In July 2017, Sun registered the TRON Foundation, a non-profit organization, in Singapore. A few months later, he founded a company in San Francisco (USA).
In August 2017, TRON held an ICO, as a result of which its team raised about $70 million. The project was positioned as a competitor to Ethereum and EOS. In the spring of 2018, the TRON test network was launched, and the main network was launched on May 31, 2018.
Aggressive marketing and eccentric statements by Justin Sun on social networks seriously affected the market quotes of the native TRON coin. Because of this, they were often criticized by representatives of the crypto community. The TRON project was accused of high centralization and copying competitors. The project's ICO whitepaper was found to contain a significant amount of plagiarism from other blockchain projects, including Ethereum.
Justin Sun announced his resignation from Tron at the end of 2021, stating that he was stepping away from active management. In January 2022, the reform was completed: project management passed from the TRON Foundation to the decentralized organization Tron DAO.
Countries with Tron direction
What's special about TRON?
The TRON blockchain architecture is divided into three layers:
- Core — consensus modules, smart contracts, TRON virtual machine (TVM), and account management.
- Application layer — used by developers to create decentralized applications.
- Storage layer — designed to store network blocks, segment blockchain data, and data about its state.
The TRON blockchain uses the Delegated Proof-of-Stake (DPoS) consensus algorithm, first used by its competitor, the EOS project. Blocks are generated every 3 seconds, and the maximum network performance is 2000 transactions per second.
27 so-called super representatives are responsible for verifying transactions and creating new blocks. In fact, they are validators who are selected from several hundred node operators. A super representative who has generated the next block and processed transactions receives 32 TRX. They can use the rewards in whole or in part to buy votes to maintain control over the network.
Users who participate in TRX staking by delegating their coins to super representatives can receive a return of about 4% (Staking Rewards data as of the end of August 2022).
In total, there are three types of nodes operating in the TRON blockchain:
- supernodes, which are candidates for super representatives;
- full nodes, which broadcast transactions and synchronize with the blockchain;
- Solidity nodes, which synchronize blocks from full nodes and provide an API for third-party applications to access the blockchain.
TRON positions itself as a medium where content creators can directly interact with their audiences. The idea is that by cutting out centralized platforms, whether streaming services, app stores, or music sites, the hope is that creators won’t have to hand over a large portion of their earnings to middlemen. In turn, this could also make content cheaper for consumers. As the entertainment industry becomes increasingly digital, TRON may have a head start in applying blockchain technology to it.
The company also claims to have a talented and experienced team of developers distributed around the world, drawn from large companies like Ripple Labs.
Equally important, while many other blockchain projects are rather evasive about their development plans, TRON stands out with a detailed roadmap of goals for the coming years.
Actual Tron rates
TRON (TRX) Price Today
The current price of TRON is about thirteen cents per TRX/USD with a market capitalization of over eleven billion US dollars. The trading volume over the past 24 hours was over three hundred and forty million dollars. The price of TRX is updated in real time. Over the past 24 hours, the price of TRON has changed by positive three percent, and the number of tokens in circulation is over eighty billion.
Where can I buy TRON (TRX)?
TRON is listed on dozens of exchanges, including Poloniex, Bancor, KuCoin, Binance, Bitfinex, Coinbene and others. However, it is not supported by Coinbase. The easiest way to buy altcoins is to exchange them for Bitcoin.
It is convenient to buy cryptocurrency using exchange offices. They provide a favorable rate, the ability to conduct an automatic exchange, as well as minimal fees for services. The pages of the Obmify service contain the best secure exchangers that provide this service. You can buy trx through the service in any country and city.
Security: How is the TRON network protected?
The main security feature of TRON is the delegated proof-of-stake consensus mechanism. This system changes network validators regularly, every six hours. Validators are elected by voters (users who staked their TRX).
Price of Tron (TRX) in Real Time
The price of (TRX) against the dollar today is 0.25 $. The Ethereum coin can be exchanged in 42 countries and 128 cities worldwide. Currently, the site features 127 pairs for exchanging TRX for other electronic currencies.
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