
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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- Crypto users demand reinstatement of Pakistani government adviser following sudden resignationCointelegraph.com News - 1 hour agoZia Ullah Bangash’s potential departure from an important role in facilitating Pakistan’s regulatory environment for crypto had many threatening to withhold votes and demanding answers.…
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- China is studying crypto as an investment tool, says PBoC deputy governorCointelegraph.com News - 5 hours agoThe central bank official said stablecoins issued by private companies may require “stronger regulatory rules” than Bitcoin. Li Bo, recently appointed deputy governor of the…
- Peak fear? Bitcoin funding rates crash to lowest levels in 7 monthsCointelegraph.com News - 5 hours agoThe funding rate of Bitcoin dropped to a level unseen since September 2020, signaling fear in the market. The funding rate of Bitcoin (BTC) has…