TRON
TRONRank: # 8
Market Cap: $ 32,167,662,836
Volume (24hrs): $ 447,874,484
Circulating Supply: 94,923,231,328 TRX
Price in BTC: Ƀ 0.00000425
Change (1 Hr): 0.00%
Change (7 Days): 0.10%
Change (30 Days): 4.20%
All Time High: $ 0.431288
All Time High Date: December 3, 2024
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- News
| Date | Open | Close | High | Low | Volume |
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| # | Source | Pair | Volume | Price | Change | Updated |
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- Virtu, Tradeweb complete onchain repo using Marshall Islands digital bondCointelegraph.com News - 8 hours agoThe transaction used the Marshall Islands-issued USDM1 bond as collateral and completed the full repo cycle on the Canton Network in under 10 minutes.Virtu Financial,…
- Here’s what happened in crypto todayCointelegraph.com News - 9 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…
- Trump cost investors $4.7B through crypto ‘schemes’: Public CitizenCointelegraph.com News - 9 hours agoWhile investors in World Liberty Financial‘s USD1 stablecoin “haven’t suffered major losses,” many lost billions of dollars in other Trump ventures, according to Public Citizen.The…
- Mirae Asset lays out crypto, stablecoin, tokenization plans for Digital XCointelegraph.com News - 10 hours agoThe South Korean financial group plans to build a $109 billion digital asset business spanning crypto, stablecoins and tokenized assets, according to The Korea Times.South…
- Grayscale says Zcash can challenge Bitcoin’s network effects as privacy demand growsCointelegraph.com News - 10 hours agoZEC has climbed roughly 19-fold in a year, yet Grayscale says its sub-1% share of Bitcoin’s market cap leaves room for further upside. Zcash could…
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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