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TRON (TRX)

  • Category: Smart Contract Platform
  • Coin Launched: June, 2017
  • Resources: White Paper
  • Official Website: TRON
  • Reddit: TRON
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About TRON

Tron is a block chain-based decentralized operating system much like Ethereum that aims to advance the decentralization of the Internet and its infrastructure.

At its core, Tron is a smart contract platform that offers high throughput, high scalability, and high availability for all Decentralized Applications (DApps) in the TRON ecosystem.

ledger wallet

TRON History / Information / Buying / Staking

  • TRON HISTORY

    TRON was founded by Justin Sun in 2017. The TRON Foundation was established in July 2017 in Singapore. The TRON Foundation raised $70 million in 2017 through an initial coin offering shortly before China outlawed the digital tokens. The testnet, Blockchain Explorer, and Web Wallet were all launched by March 2018.

  • HOW TRON WORKS

    Tron uses the features of the blockchain and peer-to-peer (P2P) network technology to eliminate the middleman and allow content creators to sell their work directly to consumers. Software developers use the Solidity programming language to create apps that are hosted on the Tron platform.2 The currency used on the network is Tronix, or TRX. Users of the network use TRX to directly pay the content creators to access their applications. Content creators do not pay a transaction fee to Tron. (TRX transactions also are free on the platform.)

  • BENEFITS OF USING TRON

    Some of the benefits of using Tron are:

    FAST TRANSACTIONS
    Tron transactions are very fast because the network can support up to 2000 transactions per second. Such transaction capacity bodes well for Tron's future and underpins the network’s potential to revolutionize online media.

    CREATE DAPPS
    You can create dApps on the network. If you make a dApp on the system and offer content on it, you can receive digital assets in return. These assets can either be in regular TRX tokens or a token.

    SUPPORT CONTENT CREATORS
    Tron believes that it is vital to support content creators more appropriately, and the Tron network is a great way to do that.

  • CAN YOU STAKE TRON

    Tron's system is complex, especially for newcomers to crypto, so we recommend using Tron's proprietary blockchain explorer TronScan. To link to the TronScan website and stake TRX, users must be holding TRX within a Tron compatible wallet, such as Tronlink or Ledger. Users must freeze (stake) their TRX holdings for 3 days to become accepted as a node on the Tron network. Only then will they be eligible to take part in the voting process. One frozen TRX token equals one vote. Votes are invalidated if you unstake and remove your TRX holdings.

  • COINS SIMILAR TO TRON

    Direct competition to Tron which are considered similar coins are:
    ETHEREUM LITECOINMONERO DOGECOIN