Bright Ideas: Tron (TRX)

Tron is a proof of stake cryptocurrency that has been built on the Tron blockchain network.

Price:

$0.066

Mkt Cap:

$6,602,011,433

View Coin Page

Project Fundamentals
  • Tron was founded in 2017 by Justin Sun and the Tron Foundation, raising $70 million through an initial coin offering or ICO.
  • Tron combines high transactions per second, interoperability with the Ethereum Virtual Machine.
  • Tron has and block speeds creating a highly scalable smart contract platform for building decentralized applications.
  • The native currency of Tron is the TRX token which does not have a maximum supply.
  • Tron has a number of deflationary measures including the burning of all transaction fee’s.
Partnerships / Implementation
  • The reach of Tron can be seen in its partnership with oBike, a Singapore Bike sharing company which provides earn as you ride bike services.
  • Ocoin can be used to pay for bikes and purchase content on Tron, but is also earned by users depending on how far the travel while renting a bike.
  • A major advantage of Tron is its compatibility with a variety of programming languages potentially providing a wider pool of developers to build on Tron.
  • The Tron Virtual Machine (TVM) allows developers to use languages such as Java and Python.
  • Tron is also compatible with the EVM and is compatible with the solidity programming language.
Roadmap and Announcements
  • Tron was founded in 2017 by Justin Sun and the Tron Foundation, raising $70 million through an initial coin offering or ICO.
  • In 2019, Tron announced a partnership with Samsung to launch on it’s blockchain keystore allowing Samsung Galaxy S20 users to access Tron Dapps.
  • The partnership with Samsung has allowed regular people to interact with and learn about blockchain technology through Tron Dapps.
  • In December 2021 Tron announced that the total transfer volume of stable coins on the network exceeded $19 bullion USD on November 30th, displaying the projects accelerating De-Fi adoption.
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