TRON
TRONRank: # 8
Market Cap: $ 30,405,276,049
Volume (24hrs): $ 349,430,787
Circulating Supply: 94,845,315,217 TRX
Price in BTC: Ƀ 0.00000533
Change (1 Hr): 0.14%
Change (7 Days): -1.40%
Change (30 Days): -9.00%
All Time High: $ 0.431288
All Time High Date: December 4, 2024
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| Date | Open | Close | High | Low | Volume |
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| # | Source | Pair | Volume | Price | Change | Updated |
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- SecondFi targets two-week recovery after Cardano wallet exploitCointelegraph.com News - 10 hours agoSecondFi says it has completed forensic investigations, taken a final balance snapshot and is preparing to return assets.Cardano wallet SecondFi has identified a recovery path…
- EU lawmakers urge assessing DeFi, staking, NFT regulationCointelegraph.com News - 14 hours agoThe nonbinding report outlines Parliament’s vision for future EU crypto regulation and warns against national MiCA rules.The European Parliament’s economic affairs committee has urged the…
- Securitize expects to raise $400M ahead of public debutCointelegraph.com News - 17 hours agoSecuritize says less than 30% of shareholders in the acquisition firm taking it public elected to redeem, giving it an expected $400 million on its…
- Here’s what happened in crypto todayCointelegraph.com News - 17 hours agoNeed to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and…
- SOL reclaims $72, but onchain data flags weakening momentumCointelegraph.com News - 19 hours agoSolana found strength from tokenized stock trading on its network, but a declining TVL and DEX volumes point to fading momentum. Key takeaways:Solana native token…
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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