TRON
TRONRank: # 8
Market Cap: $ 31,310,313,032
Volume (24hrs): $ 347,027,870
Circulating Supply: 95,017,835,959 TRX
Price in BTC: Ƀ 0.00000408
Change (1 Hr): -0.08%
Change (7 Days): -0.44%
Change (30 Days): -1.87%
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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- Bitcoin faces fresh pressure after Fed’s hawkish rate hold: AnalystsCointelegraph.com News - 25 minutes agoTraders are pricing in a 78% chance of a December rate hike, while analysts say Treasury yields, the US dollar and upcoming inflation data could…
- Canadian ‘crypto king’ case to go to jury as criminal trial winds downCointelegraph.com News - 4 hours agoAiden Pleterski, facing fraud charges in Canada over his alleged role in a digital asset Ponzi scheme, said that he was innocent at closing.The criminal…
- Here’s what happened in crypto todayCointelegraph.com News - 5 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…
- Sam Bankman-Fried wrote to actor portraying him in Netflix seriesCointelegraph.com News - 6 hours agoThe former FTX CEO remains incarcerated as Irish actor Anthony Boyle portrays him in a series about the downfall of the crypto exchange and his…
- Strategy shareholders approve daily dividends for four preferred stocksCointelegraph.com News - 7 hours agoThe largest Bitcoin treasury company will begin daily dividend payments on STRC in November, with three other preferred securities following in January 2027.Bitcoin treasury company…
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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