What is TRX coin? What can TRX coins do? How to store TRX coins?

TRX coins facilitate peer-to-peer content sharing, distribution, and storage on the Tron blockchain, serving as a payment medium for network transactions, smart contract execution, storage costs, staking rewards, and governance.

Oct 07, 2024 at 12:00 am

1. What is TRX Coin?

TRX coin is the native cryptocurrency of the Tron network, a decentralized blockchain platform founded by Justin Sun in 2017. It is designed to facilitate peer-to-peer content sharing, distribution, and storage. TRX serves as a medium of exchange and payment for services within the Tron ecosystem, including:

Network transactions
Running smart contracts
Storage and bandwidth costs
Staking for rewards

2. What Can TRX Coins Do?

TRX coins enable users to:

Transfer value: Send and receive TRX to and from any Tron wallet.
Pay for network services: Cover transaction fees, storage costs, and bandwidth usage on the Tron network.
Run smart contracts: Create and execute self-executing contracts on the Tron blockchain.
Participate in governance: Stake TRX to vote on network upgrades and proposals.
Earn rewards: Generate passive income by staking TRX in Tron nodes.

3. How to Store TRX Coins?

There are several ways to store TRX coins:

Official TronLink wallet: The official wallet supported by the Tron Foundation, available as a mobile app, desktop extension, and web portal.
Hardware crypto wallets: Ledger and Trezor hardware wallets provide secure offline storage for TRX.
Software crypto wallets: Multi-asset wallets like Exodus, Atomic Wallet, and Trust Wallet allow you to store TRX alongside other cryptocurrencies.
Cryptocurrency exchanges: Many cryptocurrency exchanges, such as Binance, Coinbase, and KuCoin, offer TRX storage as part of their trading platforms.

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