What is TRON & TRX?

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31 Aug 2022

Tron coin is an immutable blockchain project which aims to decentralize the smart way content is being developed and distributed on the online. It is an imperative to factor to point out that TRX was first launched as an initial coin offering (ICO) on the Ethereum platform but has since then grown even to challenge Ethereum coin.
Tron Coin is now one of the top cryptocurrencies in the market.
Justin Sun has outlined that he wants to see TRX become a top 4 cryptocurrency by market cap in 2019.
“Tron to the future, always moving forward,” says the founder of TRON, and if they can reach the goals they have set out, then 2019 could be quite the year for Tron
Through the decentralized platform, digital developers will not need theird-party such as the Google play store for them to get buyers. Also, Tron coin aims to give content creators the ownership of user data which is currently held by corporations such as Google and Amazon.
Also, many startups and business sectors find it difficult to adopt the blockchain technology because they find it hard to develop their blockchains from scratch. The Tron coin project aims to eliminate this hurdle by allowing developers/programmers to share resources in the creation of applications.
The history of Tron coin
Tron (TRX) is a blockchain platform launched as the foundation for a decentralized entertainment ecosystem. Created by controversial figure Justin Sun, Tron focuses on enlarging the market of decentralized digital content applications by making it easier to develop and deploy them. The Tron mainnet launched Jun 2018, and the Tronix TRX is the proprietary cryptocurrency token of the Tron blockchain.
Tron is designed to ease this transition and therefore hasten the decentralization of existing platforms and creation of new dApps.
TRON also captured BitTorrent in July 2018 to further its mission of creating a decentralized ecosystem.
TRON’s native token TRX is currently the world’s 10th largest cryptocurrency with a market cap of more than $1.5 billion (as of March 10, 2019).
Key Advantages Of Tron Coin
Faster transaction speed
Comparing Tron coin to other familiar cryptocurrencies like Bitcoin and Ethereum, the Tron blockchain is much faster in terms of handling transactions. The block nodes are usually limited and selected by Tron users who act as witnesses.
With the choice of the high calculation performance block nodes, it helps to reach high throughput by maintaining TPS (transaction per second) of the Tron network on an acceptable level.
It is important to note that Tron has a higher TPS than both Bitcoin and Ethereum.
Scalability
Tron’s smart contracts are highly efficient which provides multiple ways for the deployment of applications on the Tron network.
Also, Tron has the best database system structure and accounting system which makes it easy to actualize complicated models and designs, this, in turn, makes it convenient for the development of projects.
Low transaction cost
The entire design of the Tron framework makes it benefit from low transaction costs thereby making it easy for different applications on the Tron network to grow their user base; hence they become commercially competitive.
How Does TRX Work?
TRX is short for Tronix and is the official native cryptocurrency of TRON.
TRX works in multiple ways. Being the de facto token of the Tron economy, it can be used as a medium of exchange, as an investment and as a bridge currency between various platforms and other Tron tokens.
TRX apply blockchain technology, and transactions are done P2P network. TRX transactions are fast and have low fees.
Conclusion:
Tron is competing for BTC and ETH. Let's see if it surpasses it!
Want to know more about TRON Coin? Or want to know about Tron blockchain with DAPP project?