Tron

About

Tron is a decentralized blockchain-based system designed to support the creation and deployment of decentralized applications (DApps) and smart contracts. Launched in 2017 by Justin Sun, it aims to provide a scalable, efficient, and cost-effective platform compared to predecessors like Bitcoin and Ethereum. Tron uses a delegated proof-of-stake (DPoS) consensus mechanism, allowing for high transaction throughput and low fees, with an average transaction fee of $0.000005. This mechanism involves 27 super representatives who validate transactions and manage the network. Tron's ecosystem includes the Tron Virtual Machine (TVM), which is compatible with the Ethereum Virtual Machine (EVM), making it easy for developers to port Ethereum DApps to Tron. The native TRX token is used for various purposes, including transaction fees and incentivizing participation in the network. Tron also acquired BitTorrent in 2018, expanding its capabilities in file sharing and micropayments. The platform supports token creation and has a strong focus on gaming and entertainment, hosting numerous DApps in these sectors. Overall, Tron offers a fast, scalable, and low-cost environment for developers and users alike.