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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
- SEC's fintech wing leaves the nest, becoming stand-alone officeCointelegraph.com News - 2 hours agoFinHub will have new independence and responsibilities, reporting directly to the SEC’s chairman. Per a Dec. 3 announcement, the Securities and Exchange Commission’s fintech team…
- Though centralized, a digital yuan is too big for China to surveil, says Cypherium CEOCointelegraph.com News - 3 hours agoDespite ambitions of overtaking the dollar, China’s central bank will have a hard time monitoring all the transactions involved in a CBDC, though commercial banks…
- Bitcoin is the ‘wrong price for the possibilities it has,’ says Paul Tudor JonesCointelegraph.com News - 3 hours agoHe says “The path forward from here is north.” Legendary investor Paul Tudor Jones has likened Bitcoin (BTC) to precious metals, and other cryptocurrencies to…
- This bull market is different because people already know about crypto, Celsius CEO saysCointelegraph.com News - 3 hours agoHis price predictions are a little lower than most speculators, however. Google searches for Bitcoin (BTC) appear to be far less popular today than they…
- Yearn.finance mergers and sideways Bitcoin price propel DeFi tokens higherCointelegraph.com News - 4 hours agoSelect DeFi tokens have outperformed Bitcoin and altcoins as investors cheer the news of mutually beneficial partnerships. Yearn.finance has been busy announcing a slew of…