March 6, 2023
Tron (TRX)
Tron is a proof of stake cryptocurrency that has been built on the Tron blockchain network.
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:
$6,131,674,078
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.
Technical Analysis
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