What is Tron (TRX)?

Comprehensive guide to Tron - the decentralized content sharing platform.

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Introduction

Tron is a blockchain-based decentralized platform designed to build a free, global digital content entertainment system. Founded by Justin Sun in 2017, Tron has evolved from its original content-sharing vision to become one of the largest networks for stablecoin transfers.

The TRX token is the native cryptocurrency of the Tron network, used for payments, smart contract execution, and network governance.

History and Founder

Tron was founded by Justin Sun, a controversial figure in the cryptocurrency space known for aggressive marketing and his purchase of BitTorrent in 2018. Originally launched as an ERC-20 token on Ethereum, Tron migrated to its own mainnet in June 2018.

One of Tron's most significant moves was acquiring BitTorrent, one of the world's largest decentralized file-sharing protocols, integrating it into the Tron ecosystem.

Technology

Delegated Proof of Stake (DPoS)

Tron uses a Delegated Proof of Stake consensus mechanism with 27 Super Representatives who validate transactions and produce blocks. TRX holders can vote for Super Representatives and earn rewards.

High Throughput

Tron can process approximately 2,000 transactions per second with very low fees, making it attractive for stablecoin transfers. The network handles billions of dollars in USDT transactions daily.

TVM (Tron Virtual Machine)

Tron's virtual machine is compatible with Ethereum's EVM, allowing developers to easily port Ethereum dApps to Tron with minimal changes.

Use Cases

  • Stablecoin transfers: Tron is one of the largest networks for USDT transfers due to low fees
  • DeFi: Various decentralized finance applications
  • Gaming: Blockchain-based games and gambling applications
  • Content sharing: Original vision of decentralized content distribution

Where to Buy Tron (TRX)

TRX is available on most major cryptocurrency exchanges worldwide with excellent liquidity.

Recommended Exchanges

  • Coinbase – Most beginner-friendly worldwide
  • Binance – World's largest crypto exchange

Alternative Exchanges

  • Revolut – Modern mobile-first app

Local Options

  • Kraken – Trusted US-based exchange

Investment Considerations

Tron's value proposition is closely tied to its use in stablecoin transfers. While the network sees significant transaction volume, investors should consider the centralization concerns around the Super Representative system and the reputation of its founder.

Learn more in our crypto investing basics guide.

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