What is Tron (TRX)?
TRON (TRX), founded by Justin Sun in 2017, was initially launched as an ERC-20 token on the Ethereum network, later migrating to its own independent blockchain in 2018. TRON aims to revolutionize the digital content and entertainment industries by creating a decentralized platform that eliminates middlemen and allows content creators to directly earn from their work. The TRON blockchain uses a delegated proof-of-stake consensus mechanism, which is designed to offer high transaction throughput and scalability. The TRX token is the native cryptocurrency of the TRON network, used for transactions and applications within the ecosystem.
The platform supports various blockchain applications, particularly focusing on entertainment and social media applications. TRON’s unique proposition lies in its commitment to building a decentralized internet and its emphasis on content creators’ rights and revenue. It has gained traction in the blockchain community for its efficient transaction processing and user-friendly approach to content distribution, aspiring to empower users and creators in the digital content space.