

Rank: # 11
Market Cap: $ 7,905,014,571
Volume (24hrs): $ 178,015,429
Circulating Supply: 89,060,927,258 TRX
Price in BTC: Ƀ 0.00000327
Change (1 Hr): -0.15%
Change (7 Days): 5.16%
Change (30 Days): 16.20%
All Time High: $ 0.231673
All Time High Date: January 5, 2018
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- Microsoft to form nuclear power team to support AI: ReportCointelegraph.com News - 1 hour agoMicrosoft is forming a new team of professionals to advance its artificial intelligence plans with Small Modular Reactors and microreactors. Tech giant Microsoft is apparently…
- Crypto synthetic assets, explainedCointelegraph.com News - 6 hours agoA synthetic asset represents real-world assets digitally, created and traded on blockchain networks, mirroring the value and behavior of its underlying counterpart. What are crypto…
- FTX exploiter moved over $17M in ETH in the last 24 hoursCointelegraph.com News - 9 hours agoA significant portion of the 7,749 ETH, worth roughly $13 million, was directed toward the THORChain router and Railgun contract. According to recent information from…
- DOJ readies witnesses in Bankman-Fried trial, highlights FTX asset managementCointelegraph.com News - 11 hours agoThe DOJ intends to highlight the experiences of retail and institutional clients who entrusted substantial assets to FTX. The Department of Justice (DOJ) has confirmed…
- Vitalik Buterin voices concerns over DAOs approving ETH staking pool operatorsCointelegraph.com News - 12 hours agoThe Ethereum co-founder proposes a solution that could lower the likelihood of any individual liquid staking provider growing to a point where it poses a…
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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