The live price of TRON is - per (TRX / USD) with a current market cap of $25.82B USD. 24-hour trading volume is - USD. TRX to USD price is updated in real-time. TRON is -% in the last 24 hours with a circulating supply of 94.89B.
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Tron is a blockchain founded by Justin Sun in 2017 that uses a Delegated Proof of Stake consensus mechanism. The Tron Foundation, based in San Francisco and Singapore, is responsible for the development of the network. The main use case of the blockchain is to reward content creators for their work without the involvement of middlemen.
You can use the network's native token, Tronix (TRX), to reward specific creators whose content you have viewed. There are three independent layers that support the operation of the Tron protocol: storage layer, application layer, and core layer. In Tron's Delegated Proof of Stake consensus mechanism, 27 super representatives are elected every 6 hours to propose blocks and verify transactions.
TRX was minted on Ethereum but moved to the Tron protocol when the mainnet was launched in 2018. It has an unlimited supply and you can earn rewards by participating in the voting system of the Tron network. You can also use Tron to create DApps and smart contracts and access an ecosystem of decentralized finance projects.
Tron founder Justin Sun is known for being active on social networks and is also the CEO of BitTorrent. In 2020, Justin Sun also acquired Steem.
Tron, through its native token TRX, allows users to access or sell content on the platform, or redeem it for other digital assets or services, such as storage space, computing power, and data access fees.
Tron is an open source blockchain network, which means that all users can contribute to the network or use its resources for free, thereby enhancing creativity and collaboration.
TRX is designed with a maximum supply of slightly more than 100 billion TRX tokens.
Currently, there are 71.6 billion TRX tokens in circulation, and 28.4 billion TRX tokens will be issued in the next few years, giving TRX an estimated market value of $5.75 billion.
In its Initial Coin Offering (ICO), 40 billion TRX tokens were distributed to investors, 15.75 billion to private placement buyers, 10 to the TRON Foundation, and the remaining 35 billion to the Peiwo application.
The TRON network devalues the currency and rewards its users by burning tokens. However, the maximum limit of TRX is not fixed and may change in the future.
Supernodes validate transactions and add blocks of transactions to the TRON blockchain. For every new block added, the node validator that added the block will be rewarded with 32 TRX tokens. Eventually TRX will become a deflationary token as its supply is capped.
All remaining TRON tokens will be distributed as mining rewards to nodes that secure the blockchain by validating transactions.
TRX’s token economic model recently added a USD-USD peg. The algorithmic stablecoin (UCDD) has seen rapid adoption in the months since its launch.
Over the years, TRON has been involved in various collaborations. In September 2022, TRON announced a partnership with crypto market maker Wintermute to increase the usability of TRX and other tokens on the TRON blockchain.
The partnership will see Wintermute become a member of the TRON Decentralized Autonomous Organization (DAO), contribute to decisions about the future of the platform, and receive TRON’s stablecoin USDD directly from the blockchain.
In exchange, Wintermute will provide liquidity for TRX and other TRON tokens in decentralized finance (DeFi) similar to Uniswap, making it easier for people to access these tokens and the TRON ecosystem.
In September 2022, Tron launched the third season of its 2022 Big Hackathon with a prize pool of $1.2 million. The competition is open to all developers and features challenges along 6 tracks, including DeFi blockchain games (GameFi) and non-fungible tokens (NFTs).
TRON was founded by Justin Sun, a Chinese crypto entrepreneur with a background as a business executive. Prior to founding TRON, Justin Sun worked in the crypto space as a representative for Ripple, a crypto payment and remittance infrastructure provider.
TRON was originally named Tronix. In 2017, the platform became a blockchain and was renamed TRON. The TRON Foundation was established to oversee the project.
TRON was originally an ERC-20 standard token on the Ethereum network. However, after a dispute with Ethereum founder Vitalik Buterin, the ERC-20 TRON token migrated to its own blockchain after the mainnet launch in 2018.
The TRON Foundation was dissolved in 2021, and the project is currently operated and maintained by members of the TRON community. Sun continues to serve as an official ambassador for the project.
Before starting cryptocurrencies, Sun founded Peiwo in 2013, one of the largest voice apps in China. The app blends the features of Snapchat and a dating site. It currently runs on the TRON network.
Tron is a decentralized blockchain platform that supports smart contracts, allowing it to host decentralized applications (DApps), blockchain games, and DeFi smart contracts. The Tron blockchain network is collectively managed by users through the TronDAO decentralized organization.
Tron is the project that runs the decentralized blockchain network Tron Protocol and its native cryptocurrency Tronix (TRX).
Staking TRX tokens allows you to earn passive income on the tokens and participate in the voting system that determines what changes will be made to the Tron network. Deposit your TRX in EUR’s low-risk and flexible savings pool and start earning interest on your initial investment today.
Tron (TRX) has been a popular large-cap coin among traders and investors. However, to judge how well the project will perform in the future, you need to take a closer look at its fundamentals and technology.
Tron is a high-throughput blockchain network that can process and settle transactions very quickly. For example, transactions on the Tron network can be completed in as little as 3 seconds.
Tron can process up to 2,000 transactions per second, making it one of the fastest blockchain networks.
TRON tokens are popular altcoins in many investors' portfolios. The TRON Foundation and the network's founder, Justin Sun, hold a large number.
The TRON network uses a proxy proof-of-stake system. Unlike the proof-of-work protocol used by Bitcoin, the TRON network is verified by 27 rotating "super representatives" who are elected every six hours. TRON produces a block every 3 seconds, and super representatives can receive 32 TRX as a block reward. You can also run a witness node (propose blocks and vote on protocol decisions), a full node (broadcast transactions and blocks), or a Solidity node (synchronize blocks from a full node and provide an API).
Users participate in the competition for the TRON network by using "TRON Energy", a network resource obtained by staking the same amount of TRX.
TRON is very secure. Cryptocurrency is encrypted using cryptography, which means that TRON transactions cannot be tampered with.
You can buy it through the TRON wallet or any exchange that supports TRON, such as Binance Exchange. Click the Trading Pairs tab to get the latest trading pairs and exchange lists for TRON.
The TRON to other currencies exchange rate?
