TRON is a blockchain-based and decentralized protocol project whose native token is the Tronix (TRX) coin. Tronix was created to ease financial transactions for content consumers using Tron Coin. With Tronix, people can quickly and easily pay for the content that they desire to consume on the network. These coins are then directed to the content producers’ accounts where they can be further exchanged for other cryptocurrencies or simply used to pay for blockchain services. In February 2018, the market capitalization ranked the Tronix coin 15th on the list of largest cryptocurrencies.
What is TRON?
TRON is a special blockchain based decentralized protocol which is aimed at constructing a worldwide content free entertainment platform. This system is built to run on its blockchain and distributed storage technology. In other words, we can say that TRON is out to create a unique entertainment platform that offers content creators full control over their owned content. To clearly portray an image of what we are trying to say here, you just need to think of a decentralized combination of YouTube, Netflix and App Store.
How TRON works?
TRON came into existence to render the entertainment content easier to sell and cheaper to consume. Such goals are likely to be achieved by putting both the content creators and consumers in a network of peers thereby eliminating the middleman. The TRON network has built a complete set of consensuses in order to resolve identification and personal credit issues at a minimum cost in online transactions. In order to avoid the traditional centralized settlement structure, it makes use of point-to-point transactions. Thanks to its use of advanced technology, the network can effectively play the host role between developers and users. The network does well in ensuring authenticity and compliance of info credit. It further incentivizes users to build their personal decentralized applications.
TRON is unique in so many ways. This makes it user-friendly and an option worth embracing. With TRON, Data Release is maximized to its full potential. Consumers will enjoy free and uncontrolled content among which are images, characters, audios, and videos. All these contents can be uploaded, saved, and distributed with ease. With the TRON platform, an induvial can freely distribute digital assets in the form of ICO. Others can as well enjoy the benefits and services which are resulting from the continuous data development process of purchasing digital assets.
Tronix exchanges such as Bittrex, Binance, Huobi, and OKEx can be purchased by anyone who wishing to exchange Tronix for other digital cryptocurrencies like Bitcoin and Ethereum. However, as of the time of writing, Tronix purchase with fiat currency is not yet possible.
TRON Coin Wallet
We’ll start by pointing out that there are no official TRON Coin wallets. But because it is a cryptocurrency whose token is based on the ERC20 Ethereum standard, it can be stored in most cryptocurrency wallets that support the ERC20 tokens.