

Rank: # 8
Market Cap: $ 26,046,340,570
Volume (24hrs): $ 635,182,485
Circulating Supply: 94,825,535,297 TRX
Price in BTC: Ƀ 0.00000262
Change (1 Hr): 0.06%
Change (7 Days): 0.13%
Change (30 Days): 2.09%
All Time High: $ 0.431288
All Time High Date: December 4, 2024
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- Pacific nation Nauru passes law to establish a crypto regulatorCointelegraph.com News - 17 minutes agoThe brother of former FTX CEO Sam Bankman-Fried once plotted to buy Nauru and build a doomsday bunker using funds from the now-defunct crypto exchange.…
- Bitcoin to Ether shift going unnoticed with ‘bear market PTSD’ — TraderCointelegraph.com News - 19 minutes agoA crypto analyst says the altcoin season “we are all craving for” now hinges on Ether doing better and showing strength. Crypto market interest is…
- Ohio House passes bill allowing up to $200 tax-free crypto paymentsCointelegraph.com News - 20 minutes agoOhio’s House passed a bill to legally insulate various crypto activities, such as mining and staking, and exempt some transactions from capital gains tax. Ohio’s…
- Need ChatGPT’s help? It could be making you dumberCointelegraph.com News - 30 minutes agoMIT research has found heavy use of ChatGPT impairs memory, lowers brain engagement and may hinder learning by replacing critical cognitive processes. Artificial intelligence chatbots…
- US Bitcoin ETFs hit 8-day inflow streak despite Middle East tensionsCointelegraph.com News - 1 hour agoThe spot Bitcoin ETFs recorded their eighth straight day of inflows as early market panic from the Israel-Iran conflict appears to be cooling off. US-based…
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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