TRON
TRONRank: # 8
Market Cap: $ 30,594,044,296
Volume (24hrs): $ 324,150,133
Circulating Supply: 94,869,329,263 TRX
Price in BTC: Ƀ 0.00000510
Change (1 Hr): 0.00%
Change (7 Days): -2.32%
Change (30 Days): 0.71%
All Time High: $ 0.431288
All Time High Date: December 4, 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 price sags under $62.5K as Iran strikes add to US stocks pressureCointelegraph.com News - 47 minutes agoBitcoin saw a key rejection at local highs before reversing lower, moving with stocks for a second day as US-Iran war downside took its toll.Bitcoin…
- HSBC wins Bank of England approval to enter Digital Securities SandboxCointelegraph.com News - 1 hour agoThe Bank of England approved HSBC Orion to go live in its Digital Securities Sandbox, with the first Digital Gilt Instrument transaction expected in the…
- SBI acquires Singaporean crypto platform Coinhako after MAS approvalCointelegraph.com News - 1 hour agoSBI Holdings received regulatory approval to acquire a majority stake in Singapore-based crypto exchange Coinhako as it expands into stablecoins, onchain finance and tokenized assets.Japanese…
- The British Virgin Islands are a top crypto hub no one ever talks about: Here’s whyCointelegraph.com News - 1 hour agoKraken, Bitstamp, 1inch and Bitfinex have all set up shop in the British Virgin Islands — but you might find it tricky to book an…
- Here’s what happened in crypto todayCointelegraph.com News - 2 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…
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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