TRON

Tron is a blockchain-based decentralized platform with Tronix (TRX) as its native token. Holders of this token can access some amazing features on the TRON network/protocol.

Initially promoted in Asia, the platform has become a global cryptocurrency project with over 73 million accounts. What’s more, it aimed to offer digital content creators the full ownership rights of their content.

The Tron blockchain creates an enabling environment for content consumers to reward these content creators, without need for intermediaries. Since then, the coin has risen to become the 13th biggest crypto in the word by market cap. Read on to learn more about the coin and how to use it.

What Is Tron (TRX)?

In 2017, Tron launched as a crypto project dedicated to boosting the decentralization of the internet through blockchain technology and DApps.

Its launch came when the global crypto-mania was at a high, and since then, the platform has continued to offer impressive features and reach achievements.

The MainNet launched in May 2018, and in December 2021, the Tron blockchain completed full decentralization and is now fully governed as a community DAO.

Its native token is listed on more than 130 crypto exchanges and is undoubtedly one of the most promising cryptos connecting millions of value investors globally.

How Does Tron (TRX) Work?

Although it began as an Ethereum-based token, Tron cryptocurrency later migrated to its network 4 years ago. The protocol operates on several guiding principles, one of which is decentralization. All of its data is free and not in the control of any central authority.

This principle allows content creators to gain free tokens as a reward for creating and uploading content. Creators can also create their tokens on the network and use them within their DApps.

Generally, the blockchain receives a new block added every 3 seconds. Tron awards the users that add these blocks 32 TRX tokens.

Like Ethereum, the protocol also relies on an account-based model where cryptographic keys issued by it can control the access to TRX and its related token balances. It further routes the exchange of such meaningful data via three layers—storage, core, and application layers.

Who Is the Founder of Tron?

Justin Sunday, born in 1990, founded Tron in 2017. He now works as the company's CEO with offices in America and Singapore.

Mr. Sun is also the chief executive officer of the popular file-sharing program BitTorrent and has been associated with Ripple in the past.

What Makes Tron Unique?

Tron provides a space where content creators can connect with their audience easily and directly. The network isn’t short of experience and talent in its worldwide developer team.

Recent digitization of the entertainment sector and its foray into the metaverse and NFTs means Tron has a headstart in leveraging blockchain technology in the industry.

Meanwhile, Tron’s transparency with its roadmap gives investors and followers enough to look forward to with hope.

What Gives Tron Value?

One factor that gives Tron its value is the ability for content makers to create content and share without bothering about expensive transaction fees.

From the point of view of a developer, Tron gets its value from the fact it is being built to allow the use of some high-level language for smart contracts.

So in the future, developers can use any programming language to build on Tron’s open-software layout.

Tron is also a leading project on web 3.0 where users can use the new-generation internet in an open and fully decentralized manner.

How Many Tron (TRX) Coins Are in Circulation?

Tron has a circulating supply of 93,956,342,144 TRX. Although the maximum supply isn’t available, the network created 100B tokens at the coin’s ICO.

Other Technical Data

The price of Tron as of the time of writing is $0.08188; this is a lot lesser than its all-time high price per token it reached in January 2018.

This is understandable since Bitcoin, and the crypto market is currently battling a bearish trend as TRX price has struggled since the start of the year after it began at $0.08205.

The Tron cryptocurrency price positively began in May, given past bearish trends. It reached $0.08213 on May 5th and is now slowly trying to recover.

This all points to the fact that cryptocurrencies like TRX can be volatile and risky but also rewarding.

How Is the Tron Network Secured?

In the crypto space, Tron has a secure reputation that precedes it. The Tron network is yet to suffer a major security scandal.

Its main network protection protocol tool is a delegated proof-of-stake system, and it does a solid job for the platform compared to alternative consensus algorithms like proof-of-work and proof-of-stake.

How To Use Tron

The network supports different games and applications, but its main use case is a platform for content makers and a crypto token with no fees attached to transactions.

Many global companies, such as Bitnovo, Travala, etc., use Tron as a means of payment, and even Tether relocated its stablecoin to Tron’s network as USDT-Tron.

Tron has become a unique ecosystem after acquiring BitTorrent, further expanding its use cases.

How To Choose a Tron Wallet

You can hold Tron in a dedicated Tron wallet such as Trust Wallet, Ledger Nano, Trezor, or Atomic Wallet. You can make a good choice by checking the features of these wallets and users’ reviews.

Alternatively, you hold you Tron tokens in the spot wallet of centralized crypto exchange like Binance.

There are dozens of instant crypto exchange services across the Internet and numerous factors to consider when choosing the best TRON exchange, such as TRX price, fees, speed, ratings, and KYC policies.

The process might seem daunting, but Swapzone's here to help. We display all the information needed to exchange TRON at the best rate, fast, and through a reliable exchange platform so that you can swap with no custody and no registration.

By Best Rates

On Swapzone, you can opt for the most profitable exchange deal on the crypto market. To do that, sort available TRX offers by rates by clicking on the Best Rate button above the offers. The most favorable exchange rate will be listed at the top with a green Best Rate label next to its exchange provider.

By the Highest Transaction Speed

Swapzone ensures TRON exchanges are instant and only take up to 30 minutes. To choose a deal that will be executed relatively faster, sort available crypto exchange offers by approximate transaction processing speed. Click on the Fastest button above the offer. The one that should be the fastest will be listed at the top.

By Best Rating

Trustworthiness and validity of exchange are one of Swapzone's top priorities and a reason why we collect reviews and ask you to rate your experience. To see which instant exchange provider has the highest rating, sort available TRON offers by clicking on the Best Rating button above the offers. The one with the best mark will be listed at the top.

The Bottom Line

Tron network provides several solutions to the issues that content creators face at the hands of censorship and other centralized content platforms.

It has a zero-transaction fee platform that makes it a top choice for consumers and companies in crypto-based payments.

Besides, its token provides a cool investment opportunity for people willing to risk investing in the volatile crypto market.