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  • TRON TRX
  • ( 1.41 % )
  • Rank #15
  • Coins

₹10.537

₹ 10.537

Contracts : BNB Smart Chain (BEP20) : 0xCE7...C6b12e3   

  • Rank #15
  • Coins

Market Cap

₹827.06 B 1.7558%

Circulating Supply

87625800000

Max Supply

--

Volume

₹43.49 B

All Time High :

₹14.67

All Time Low :

₹0.1176

Price change in 24H :

₹0.153828

24H High :

₹9.47

24H Low :

₹9.12


Tron (TRX) Price Live Chart


TRON (TRX)

Tron (TRX) is also the name of a blockchain-based platform that promises to build a decentralized internet and a platform for developing decentralized apps (dApps). 


Delegated Proof of Stake (DPoS) is a Proof of Stake (PoS) consensus process used by the Tron blockchain. Token holders can vote for representatives or "Super Representatives" who validate transactions and create new blocks on the network using DPoS. The Super Representatives are critical to ensuring the network's integrity.


The TRX token is the Tron blockchain's native coin. It provides several functions inside the network, including transaction fee payment and motivating players to contribute to the network by staking their TRX tokens.


It provides tools, frameworks, and a solid infrastructure to help developers create smart contracts and dApps. Tron also emphasizes scalability and claims to have high throughput, with the potential to handle a huge number of transactions per second.


Founders

Justin Sun is the founder and CEO of the Tron Foundation, which is responsible for the Tron blockchain. He joined Ripple as the chief representative and advisor for Greater China after finishing his education.


Sun established the Tron Foundation in 2017 with the purpose of developing a decentralized platform for content exchange and dApp development. To collect funds for the development of the Tron blockchain, the foundation held an initial coin offering (ICO) and created its native cryptocurrency, TRX.


Features

Tron is a blockchain platform that aims to revolutionize the global entertainment industry by providing a cost-effective and direct sharing of digital content. By leveraging blockchain and peer-to-peer (P2P) network technology, Tron eliminates intermediaries, allowing content creators to sell their work directly to consumers.


Tron utilizes the Solidity programming language to develop applications hosted on its platform. The structure of the Tron network bears similarities to Ethereum, utilizing decentralized applications (dApps), smart contracts, and tokens as fundamental building blocks.


One of Tron's unique features is its cryptocurrency ecosystem, which enables users to share content while receiving fair compensation as content creators. By leveraging blockchain technology, Tron facilitates secure and transparent transactions, ensuring that creators are rewarded for their contributions.


With a transaction processing capacity of up to 2,000 transactions per second, Tron's blockchain operates on a delegated Proof-of-Stake consensus mechanism. In this model, users elect "super representatives" who validate transactions and earn fees for their services.


Tron's overarching vision is to establish a global content-sharing system that empowers content creators and eliminates unnecessary intermediaries. With over 100 million users, Tron aims to reshape the entertainment industry and create new opportunities for creators within its ecosystem.


How is the TRON network safe?

Delegated Proof-of-Stake (DPoS) is a robust and secure consensus process used by the Tron network. DPoS is a Proof-of-Stake (PoS) consensus model variant. Token holders in DPoS elect "super representatives" (SRs), who are in charge of confirming transactions and adding new blocks to the network. These SRs play an important role in network security and are compensated for their efforts.


Tron uses DPoS to keep the network safe and transactions completed swiftly and effectively. When opposed to traditional Proof-of-Work (PoW) techniques, the election of trusted SRs helps to safeguard the integrity of the blockchain and enables faster consensus.


However, in 2019, the Tron network encountered a significant security hole that threatened to destabilize the ecosystem's blockchain. This flaw was related to the network's CPU and memory, and if exploited, it may have resulted in a distributed denial-of-service (DDoS) attack. The Tron Foundation responded quickly to the issue and issued a patch to mitigate the vulnerability, ensuring the network's continued security.


Despite this occurrence, Tron's DPoS consensus process is widely regarded as secure and efficient. It allows the network can perform a high volume of transactions per second, laying the groundwork for Tron's aim of building a decentralized and cost-effective entertainment economy.


Developments

The TRON network has launched Stake 2.0, a new staking model on its mainnet, offering enhanced asset management flexibility. The Stake 2.0 mechanism introduces new interfaces for staking, unstaking, resource delegation, undelegation, and reward claiming. Its deployment on the mainnet was approved through proposal 84 on April 7, 2023.


Stake 2.0 addresses limitations in the previous Stake 1.0 mechanism. In Stake 1.0, staking and delegation operations were interconnected, making it challenging to change receiving addresses without unstaking and restaking. Additionally, the three-day unlocking policy restricted effective resource delegation. The inability to implement staking and voting instructions in smart contracts also limited related applications.


To overcome these limitations, Stake 2.0 separates low-frequency staking operations from high-frequency resource delegation operations, enhancing resource management flexibility. It supports resource redistribution in the staking state and expands the capabilities of Tron Virtual Machine (TVM) with staking and voting commands, enabling richer ecosystem use cases. Stake 2.0 also improves stability by accommodating the delayed arrival of unstacked TRX, making the staking model more predictable in volatile market conditions.


The introduction of Stake 2.0 brings clarity to staked TRX and opens up new possibilities for implementing staking, delegation, and voting in smart contracts. This development is expected to foster the expansion of applications related to staking and resource delegation on the TRON blockchain.

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TRON news

21 hours 24 minutes 11 seconds ago

SixDegree Compares Stablecoin Value of Ethereum and Tron in 2023

The TRON network strived to improve the decentralization of the internet, utilizing blockchain technology and dApps (decentralized applications). Furthermore, as per the sources, the core founder of Tron Network is H.E. Justin Sun. The Tron network was founded in September 2017 and in May 2018, it embarked its mainnet. In contrast, Ethereum is one of the most widely appreciated blockchain based impressive software platforms.