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What is TRON?
Tronix (TRX) is a coin, initially launched on Ethereum Blockchain as an ERC-20 token. However, in June 2018 Tron foundation launched their own proprietary Blockchain that promised to have higher transaction speeds than Ethereum. The transaction speed of Tron in tests was 2000 Transactions per second (TPS) compared to Ethereum 25 TPS. The shifting from Ethereum blockchain to Tron blockchain was completed by burning 1 billion ERC-20 tokens (TRX). Tron is available on major exchanges such as Binance, OKEx, Huobi, Kucoin, Bittrex etc. The purpose of TRX coin is to be a decentralized content distribution platform for the social media and digital entertainment industry. Some of the features of TRX includes the ability to upload, save and download images, audio, video, and characters. Tron can be considered as a next generation social media outlet where one can share the content with anyone on the internet and get paid in form of TRX coin. It empowers the user to manage, secure and distribute the content as and when required, thus enhancing the privacy. Tron is the vision of Justin Sun, who is the founder and CEO of Tron foundation. He remained a chief representative of Ripple (XRP) in China. He is also the founder of "Peiwo" website with a registered user base of over 10 million. The live streaming app of "Peiwo" is fully integrated with Tron. Tron is headed to revolutionize the social media with its decentralization technology.
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TRON Price USD
TRON Price USD
TRON Price USD
- Historical Data
- China's central bank lays regulatory foundation for CBDCCointelegraph.com News - 7 hours agoThe new draft law legitimizes digital yuan and may criminalize the issuance of yuan-backed stablecoins by third parties China’s central bank, the People’s Bank of…
- JPMorgan turns bullish on Bitcoin citing ‘potential long-term upside’Cointelegraph.com News - 8 hours agoA report from JPMorgan’s Global Markets Strategy division discusses three bullish reasons for Bitcoin’s long-term potential. JPMorgan, the $316 billion investment banking giant, said the…
- Gold smuggler's gait gives him away as Paypal launches price action moon mission: Bad crypto news of the weekCointelegraph.com News - 8 hours agoCheck out this week’s Bad Crypto podcast. It’s been quite a week for Bitcoin, a week we’ve been waiting for. The coin is up nearly…
- Ethereum researcher Virgil Griffith files motion to dismiss North Korea conspiracy chargeCointelegraph.com News - 10 hours agoGriffith argues that because his April 2019 conference presentation consisted of widely-available public information, he was not providing a “service” to North Korean officials Virgil…
- How US authorities are using old AML tools to crack down on cryptoCointelegraph.com News - 13 hours agoWith new changes to the Travel Rule up for discussion and a bevy of new cases in the courts, it’s time to look at how…