TRON
TRONRank: # 8
Market Cap: $ 31,601,748,099
Volume (24hrs): $ 392,186,702
Circulating Supply: 94,987,244,863 TRX
Price in BTC: Ƀ 0.00000408
Change (1 Hr): -0.04%
Change (7 Days): -0.99%
Change (30 Days): -1.64%
All Time High: $ 0.431288
All Time High Date: December 3, 2024
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- News
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- Here’s what happened in crypto todayCointelegraph.com News - 4 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…
- Netflix drops trailer for series based on FTX’s SBF and Caroline EllisonCointelegraph.com News - 4 hours agoSam Bankman-Fried remains in federal prison following his 2023 conviction, while Caroline Ellison was released in January.Video streaming platform Netflix released a trailer for its…
- IMF warns tokenized markets could amplify financial risksCointelegraph.com News - 6 hours agoThe global financial institution found tokenized equity markets less liquid and more volatile than traditional markets, despite growing demand for 24/7 trading.Tokenization could reshape financial…
- Bitcoin nears 3-week low as oil heads higher on Iran strike woesCointelegraph.com News - 6 hours agoBitcoin dipped below $81,000 and oil prices gained after reports that military confrontation between the US and Iran could return.Bitcoin (BTC) risked losing key support…
- US government moves $1B in seized Bitcoin after $770M transfersCointelegraph.com News - 7 hours agoBlockchain analysts identified the US government wallet tied to the recovery of funds from the Bitfinex hack.The US government completed another major transaction involving seized…
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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