What is TRON?
TRON is a public blockchain platform that allows anyone to build smart contracts and decentralized applications, freely upload, own and store data and other content.
TRON uses Delegated Proof-of-Stake (DPoS) consensus to solve the problems of slow transaction processing times and high costs of Proof-of-Work (PoW) blockchains.
TRON’s mission is to be the infrastructure that supports decentralized applications, from which to build a completely decentralized internet.
Main features of TRON
3-layer architecture
TRON adopts a 3-layer architecture consisting of a core layer, a storage layer, and an application layer.
- The core layer consists of smart contracts, account management and consensus.
- The storage layer includes block storage and state storage to meet diverse data storage needs from the real world.
- The application layer enables smart contract implementation, decentralized applications, and personalization of TRON wallets.
DPoS consensus mechanism
The TRON network consists of more than 1,200 nodes with 2 million transactions per day, 2.6 million accounts on the network. Besides, there are about 60 transactions per block, new blocks generated every 3 seconds with a reward of 32 TRX. On the TRON network there are 3 types of nodes:
- Witness nodes are responsible for creating new blocks and generating proposals/voting.
- Full nodes provide APIs and transfer transaction and block information.
- Solidity nodes unify blocks from full nodes, while providing API metrics.
Network of 27 Super Representatives
Any account in the TRON network can apply and have a chance to become a Super Representative (SR). In the TRON network, anyone can vote for SR candidates. The top 27 candidates with the most votes will become the SR with the right and obligation to generate blocks. Votes are counted every 6 hours, and the SRs change accordingly.
Tron Virtual Machine (TVM)
The TRON Virtual Machine (TVM) is a complete Turing virtual machine developed to support the TRON ecosystem. TVM is EVM-compatible, making it easy for Ethereum developers to port applications on TRON.
Components of TRON products
Some of TRON’s products include the following ingredients:
- TronGrid: provides a full set of nodes running in the cloud, helping application developers not need to create nodes to work with the TRON protocol. The INNGrid API suite allows developers to query about events, transactions, assets, and other blockchain data.
- TronLink: TRON wallet that runs as a Chrome extension, as well as an iOS and Andoird app. It can integrate into other decentralized applications to send and receive TRX tokens and TRC-10, TRC-20 tokens.
TRX Token
TRX is the native asset of the TRON network, used for the following purposes:
- Pay fees to service and product providers on TRON
- Pay transaction fees and commissions to the participants who operate the smart contract
- Staking TRX to participate in voting for representatives
Token Allocation
- Private sale: 25.7%
- Public sale: 40%
- Development team: 34.3%
TRX token Price today
How to buy TRX
TRON (TRX) has been listed on Attlas Exchange.
Traders can easily and securely buy TRX with lowest fees on Attlas Exchange.
Step 1: Download the app and register an account
Step 2: Select Market on the toolbar at the main screen
Step 3: Select Spot
Step 4: Find TRX
Step 5: Select Buy
Summary
This article is an overview of TRON (TRX), not a financial advise.
Users are advised to do their own research before making any trading decisions.