TRON (TRX)

About

TRON (TRX) is a decentralized blockchain platform designed to support high-performance infrastructure for creating and deploying decentralized applications (DApps) and smart contracts. Launched in 2017 by Justin Sun, TRON aims to provide a scalable, efficient, and cost-effective platform compared to predecessors like Bitcoin and Ethereum. It uses a delegated proof-of-stake (DPoS) consensus mechanism, allowing for high transaction throughput and low fees. TRON acquired BitTorrent in 2018, expanding its ecosystem to include file-sharing and micropayments. TRON's native cryptocurrency, TRX, powers the network, facilitating transactions, smart contracts, and DApp interactions. TRX holders can participate in governance through staking, earning yields and supporting the network's security. The Tron Virtual Machine (TVM) enables efficient smart contract execution, compatible with Ethereum's EVM. TRON focuses on gaming, multimedia, and DeFi, offering a decentralized internet ecosystem with high scalability and low transaction fees. It supports over 100 potential Super Representatives, with 27 actively validating blocks. TRON's ecosystem includes prominent DeFi platforms like JustSwap and JustLend.