TRON
TRONRank: # 8
Market Cap: $ 31,885,657,114
Volume (24hrs): $ 364,660,021
Circulating Supply: 94,953,549,930 TRX
Price in BTC: Ƀ 0.00000433
Change (1 Hr): 0.00%
Change (7 Days): -0.90%
Change (30 Days): 0.90%
All Time High: $ 0.431288
All Time High Date: December 3, 2024
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| # | Source | Pair | Volume | Price | Change | Updated |
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- Here’s what happened in crypto todayCointelegraph.com News - 10 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…
- CFTC expands regulatory relief for passive trading software providersCointelegraph.com News - 11 hours agoThe US regulator’s move could make it easier for crypto wallets and other apps to offer access to regulated derivatives and prediction markets without registering…
- WisdomTree, MoonPay team up to expand US access to tokenized money market fundCointelegraph.com News - 13 hours agoMoonPay plans to use WisdomTree’s $1.2 billion WTGXX tokenized fund as part of its stablecoin reserves while helping expand access to US investors.WisdomTree and MoonPay…
- Is there any chance left to save the CLARITY Act?Cointelegraph.com News - 13 hours agoCLARITY isn’t dead after failing a key Senate vote, but with time running short and Democrats still demanding changes, its path forward is narrowing.Water, water…
- Bitcoin coils near $76.5K as US stocks rebound from Fed rate hikeCointelegraph.com News - 14 hours agoBitcoin made modest daily gains as US stocks saw upside in the aftermath of the US Federal Reserve’s first interest-rate hike since July 2023. Bitcoin…
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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