Justin Sun’s company received 10 billion TRX, while the Tron Foundation got 34 billion TRX. In the token sale of 2017, 15.75 billion TRX was sold to private investors and another 40 billion to other public investors. The circulating supply is around 71.66 billion TRX. TRON has a limited supply of around 100.8 billion TRX. Now, let’s look at the tokenomics of TRON. TRON also works with BitTorrent’s file-sharing system. ![]() Using decentralized exchanges such as PoloniDEX and the JUST ecosystem, users can take advantage of all the decentralized financial services available. Lastly, TRON has successfully integrated DeFi into its network. This high scalability is what makes TRON much more efficient for daily use. ![]() To put that into perspective, Ethereum can handle only 30 transactions per second. TRON can easily maintain 2,000 transactions per second (TPS). So what do all these features achieve for TRON? The answer would be high scalability. To illustrate, TRC-20, TRC-10, TRC-721 are some of the token standards supported in the TRON network. Similar to Ethereum, TRON supports a wide range of token standards that serve different purposes. The on-chain governance that TRON promotes is one of the many factors that differentiate it from other cryptocurrencies. A super representative can also do proposals to the network, where other SRs can vote to accept or reject the proposals. TRON has a total of 27 super representatives. The more TRX tokens you hold, the more voting power you have. These SRs are chosen through open elections in the network, where every TRON user can cast their vote. In this mechanism, a set of super representatives (SRs) work on securing the network. In terms of consensus, TRON uses the Delegated Proof-of-Stake (DPoS) mechanism. This allows developers to ship their DApps from Ethereum to TRON easily. Nevertheless, the TRON Virtual Machine is compatible with the Ethereum Virtual Machine (EVM). Having its own virtual machine allows TRON to run smart contracts and have unique projects when compared to other cryptocurrency networks. The use of smart contracts also drains some energy.Īdditionally, TRON uses the TRON Virtual Machine (TVM). So the bandwidth points generated from the locked tokens are used for transactions. Without this bandwidth, users cannot do transactions or use other services in the TRON network. This is done to get more bandwidth and energy. TRON users are required to temporarily lock some of their TRX tokens. Because of such smart contracts, there is no need for a central authority that would make the network centralized. Smart contracts are codes that can be used by users to create and launch Decentralized Applications (DApps) in the network. TRON has managed to stay in the top 20 market rankings a lot of times, and it also managed to hit the top 10 for a short while. Immediately after its release, TRON gained the interests of many investors, leading to a huge success in a matter of months. The TRON mainnet was launched in June of 2018. In this ICO, a total of $70 million was raised, which was more than enough for launching TRON. To fund this project, an initial coin offering (ICO) was held. TRON was founded in 2017 as a non-profit project. ![]() With his expertise and entrepreneurial ability, Justin Sun was part of Forbes Asia’s 30 under 30 list. Before starting his work on TRON, Justin Sun was also involved with Ripple. It was created by Justin Sun, who was a student at Peking University and the University of Pennsylvania. TRON is a blockchain-based cryptocurrency that aims to become one of the best networks for providing daily services such as file sharing, launching personal tokens, gaming, etc. Furthermore, once we do that, we can look at the potential price of TRON in the future. In this article, we are going to focus on all the main features of TRON and what gives it the value that it has today. Not only that TRON is scalable, but it is also one of the best cryptocurrency networks for creating and launching Decentralized Applications ( DApps). Cryptocurrencies such as TRON (TRX) provide some of the best features in the market. While Bitcoin and Ethereum might be the biggest cryptocurrencies in the market, they are not necessarily the most efficient when it comes to transactions per second. At the moment TRX Price is at $0.09 and it is expected to increase in the long run. Update: Decem– TRON is one of the most prominent cryptocurrencies.
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