Tron (TRX) Cryptocurrency and Blockchain Guide
What is Tron (TRX)?
Tron is a blockchain based smart contract platform with the goal of becoming a global content distribution platform and decentralized internet that allows everyone to freely create contents, websites, and applications for the digital entertainment industry. Tron’s native cryptocurrency is the TRX token used for secure payment on its ecosystem.
Full name: Tron
Chinese Name: 波场
Ticker Symbol: TRX
Coin Price: Latest TRX Price
Founder: Justin Sun (Current CEO)
ICO Date: 9 September 2017
Mainnet Launched Date: 31 May 2018
Prominent Developer Group: Tron Foundation
Consensus Protocol: Tron Proof-of-Stake (TPOS)
Speed: 1500 TPS (Reported by Justin Sun Dec17)
Max Coin Supply：99,281,283,754 TRX
Block Explorer: tronscan.org
The native token of the Tron network is the Tronix (TRX) cryptocurrency coin. Consumers can use TRX coin to pay for the content that they wish to access on the Tron blockchain. The paid tokens will then go to the accounts of the content producers where they can use to fund or upgrade their content business, pay for blockchain services or exchange for other cryptocurrencies.
Tron launched Testnet on 31 Mar 2018 and Mainnet Odyssey 2.0 on 31 May 2018. Odyssey is a Java-based network using Tron Proof-of-Stake (TPOS) consensus algorithm. TPOS is an adjustment modified from Delegated Proof-of-Stake (DPOS) where token owners will be incentivized for voting on the blockchain.
TRX token started off using ERC-20 that came from the Ethereum blockchain as the token technical standard but completed the migration of ERC20 TRX tokens to the public Tron blockchain between 21st June 2018 (UTC/GMT+08:00) to 24th June 2018.
Tron reached cryptocurrency market cap of more than $1 billion USD and a total coin circulating supply of around 66 billion as of 10th September 2019. TRX is a new altcoin but is a direct competitior to bitcoin and ethereum, competing to become the best cryptocurrency in the market and has since become a popular token to trade on a cryptocurrency exchange.
[Rating: 3.0 ]
★ ★ ★
It looks very similar to Ethereum and EOS. Conclusion is faster than Ethereum, slower than EOS.
Bravestar (11/07/2018 7:34:08 PM):
★ ★ ★ ★
Justin Sun is a marketing genius, he is the best marketing leader in the crypto market. His lunch appointment with Warren Buffett is a masterclass piece of work lol. His tactic is unique and I look forward to see what he is going to do next. It is enjoyable to watch him execute his tricks, now where is my popcorn.
Sporty Tom (24/08/2019 4:12:50 PM):
Tron has growing numbers of casino games. Is it become a gambling network?
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