-
Bitcoin
$99,240.80
1.18% -
Ethereum
$3,310.69
-1.80% -
Tether USDt
$1.00
0.02% -
Solana
$257.34
1.15% -
BNB
$628.39
0.81% -
XRP
$1.46
21.88% -
Dogecoin
$0.4125
7.21% -
USDC
$0.9998
-0.01% -
Cardano
$0.9980
24.21% -
TRON
$0.2039
2.98% -
Avalanche
$41.49
15.65% -
Shiba Inu
$0.0...02526
2.42% -
Toncoin
$5.45
-0.43% -
Stellar
$0.3406
35.47% -
Sui
$3.49
-3.78% -
Chainlink
$15.73
6.49% -
Polkadot
$6.46
9.80% -
Bitcoin Cash
$487.77
1.84% -
Pepe
$0.0...02035
-2.43% -
UNUS SED LEO
$8.48
-4.38% -
NEAR Protocol
$5.86
2.10% -
Litecoin
$90.49
2.06% -
Aptos
$12.24
2.20% -
Hedera
$0.1533
23.31% -
Uniswap
$9.50
3.85% -
Dai
$1.00
-0.03% -
Cronos
$0.1923
1.71% -
Internet Computer
$10.68
16.04% -
Ethereum Classic
$28.12
3.29% -
POL (ex-MATIC)
$0.4850
7.78%
What is TXN? A simple introduction to TXN
TXN, the native currency of the Tron blockchain, facilitates transactions, rewards, staking, and community governance on the decentralized platform.
Nov 01, 2024 at 06:40 am
What is TXN? A Comprehensive Guide
1. Overview
Token TXN is the native currency of the Tron blockchain, a decentralized network that facilitates the creation and deployment of smart contracts. TXN is used for transactions, rewards, and staking on the Tron platform.
2. Utility of TXN
TXN serves multiple functions within the Tron ecosystem:
- Transaction Fees: Users pay TXN to execute transactions on the Tron network.
- Rewards: Node operators and wallet holders earn TXN as a reward for participating in the network's consensus mechanism.
- Staking: TXN holders can stake their tokens to earn additional rewards and contribute to the network's security.
3. Value Proposition
The Tron blockchain aims to provide a scalable, reliable, and cost-effective platform for decentralized applications (dApps). TXN plays a crucial role in this value proposition by enabling:
- Low Transaction Costs: Transaction fees on Tron are significantly lower than on other blockchain platforms.
- Fast Transactions: Tron claims to handle a high volume of transactions per second, reducing confirmation times.
- Community Governance: TXN gives holders voting rights on proposals that affect the Tron network's development.
4. Token Distribution and Issuance
TXN was initially distributed through the Tron Foundation's token sale in 2017. The total supply of TXN is 100 billion, and new tokens are not issued over time.
5. Future Prospects
The future of TXN is tied to the adoption and growth of the Tron blockchain. As Tron gains traction for dApp development, the demand for TXN as a transaction and staking currency is likely to increase.
6. Conclusion
TXN is an essential component of the Tron ecosystem, providing value as a transaction fee currency, staking asset, and governance token. Its role in supporting the Tron platform's scalability and cost-effectiveness makes it an important token in the decentralized finance (DeFi) landscape.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
The Flight Before Christmas: Cotswold Airport's Santa's grotto experience gets a revamp
- 2024-11-23 06:25:02
-
A Closer Look at PropiChain’s Unique AI-Driven Platform, PCHAIN at Its Lowest Price Before 22,039% Surge
- 2024-11-23 06:25:02
-
Catslap (SLAP) Meme Coin Debuts on Uniswap With 1,500% Price Surge
- 2024-11-23 06:15:01
-
Coinbase Global, Inc. (NASDAQ:COIN) Sees Significant Market Momentum, as Reflected in Recent Stock Transactions by its Chief People Officer
- 2024-11-23 06:25:02
-
Coinbase's Chief People Officer Brock Lawrence J Sold $4.74M Worth of COIN Shares to Cover Tax Obligations
- 2024-11-23 06:25:02
-
The Best Crypto to Buy in 2025: Qubetics, Immutable X, Tether, and Bitcoin
- 2024-11-23 06:15:01
Related knowledge
What Is Liquid Staking (Fanton)? How Does Liquid Staking Work?
Nov 07,2024 at 12:32pm
Unlocking Liquid Staking: A Comprehensive Guide to FantonIntroductionLiquid staking has emerged as a transformative innovation in the blockchain ecosystem, enabling holders of proof-of-stake (PoS) cryptocurrencies to earn staking rewards without sacrificing liquidity. Fanton, a leading player in this field, offers a comprehensive platform for liquid sta...
What does the currency circle mean when they say a coin is going to "go to the moon"?
Nov 06,2024 at 01:26pm
What does the currency circle mean when they say a coin is going to "go to the moon"?In the cryptocurrency community, the phrase "going to the moon" is used to describe a coin that could have a sudden rise in price. This can potentially result in significant profits for investors who have bought and held onto the coin before it goes "to the moon."There ...
Say that a certain currency is going to "go to the moon". What does this mean? Does it mean that the price will go up?
Nov 18,2024 at 12:20am
When a Cryptocurrency is Said to "Go to the Moon," What Does It Mean?Within the realm of cryptocurrency enthusiasts, the phrase "going to the moon" has become a colloquial expression used to indicate a fervent belief in a particular cryptocurrency's potential for substantial price appreciation. This metaphorical ascent to the lunar surface signifies the...
The term "moon landing" is often seen in the currency community. What does it mean?
Nov 06,2024 at 02:06am
Understanding "Moon Landing" in the Cryptocurrency LexiconThe term "moon landing" has been frequently employed within the cryptocurrency community to signify a significant surge in the value of a particular digital asset. It is a metaphor that draws parallels to the momentous and extraordinary achievement of landing on the moon, and it is used to convey...
What are the usage scenarios of the word "moon landing" in the currency circle?
Nov 06,2024 at 06:58am
Understanding the Diverse Usage Scenarios of "Moon Landing" in the Cryptocurrency SphereWithin the dynamic and ever-evolving landscape of cryptocurrencies, the term "moon landing" has emerged as a multifaceted expression, encapsulating a wide range of scenarios and connotations. Its usage extends beyond its literal astronomical significance, reflecting ...
How to judge whether a coin is really going to "go to the moon" instead of being a hype?
Nov 11,2024 at 03:06pm
How to Judge Whether a Coin Is Really Going to "Go to the Moon" Instead of Being a HypeIn the world of cryptocurrency, it's easy to get caught up in the hype and invest in coins that promise to make you rich quick. But before you put your hard-earned money into any coin, it's important to do your research and make sure that it has the potential to actua...
What Is Liquid Staking (Fanton)? How Does Liquid Staking Work?
Nov 07,2024 at 12:32pm
Unlocking Liquid Staking: A Comprehensive Guide to FantonIntroductionLiquid staking has emerged as a transformative innovation in the blockchain ecosystem, enabling holders of proof-of-stake (PoS) cryptocurrencies to earn staking rewards without sacrificing liquidity. Fanton, a leading player in this field, offers a comprehensive platform for liquid sta...
What does the currency circle mean when they say a coin is going to "go to the moon"?
Nov 06,2024 at 01:26pm
What does the currency circle mean when they say a coin is going to "go to the moon"?In the cryptocurrency community, the phrase "going to the moon" is used to describe a coin that could have a sudden rise in price. This can potentially result in significant profits for investors who have bought and held onto the coin before it goes "to the moon."There ...
Say that a certain currency is going to "go to the moon". What does this mean? Does it mean that the price will go up?
Nov 18,2024 at 12:20am
When a Cryptocurrency is Said to "Go to the Moon," What Does It Mean?Within the realm of cryptocurrency enthusiasts, the phrase "going to the moon" has become a colloquial expression used to indicate a fervent belief in a particular cryptocurrency's potential for substantial price appreciation. This metaphorical ascent to the lunar surface signifies the...
The term "moon landing" is often seen in the currency community. What does it mean?
Nov 06,2024 at 02:06am
Understanding "Moon Landing" in the Cryptocurrency LexiconThe term "moon landing" has been frequently employed within the cryptocurrency community to signify a significant surge in the value of a particular digital asset. It is a metaphor that draws parallels to the momentous and extraordinary achievement of landing on the moon, and it is used to convey...
What are the usage scenarios of the word "moon landing" in the currency circle?
Nov 06,2024 at 06:58am
Understanding the Diverse Usage Scenarios of "Moon Landing" in the Cryptocurrency SphereWithin the dynamic and ever-evolving landscape of cryptocurrencies, the term "moon landing" has emerged as a multifaceted expression, encapsulating a wide range of scenarios and connotations. Its usage extends beyond its literal astronomical significance, reflecting ...
How to judge whether a coin is really going to "go to the moon" instead of being a hype?
Nov 11,2024 at 03:06pm
How to Judge Whether a Coin Is Really Going to "Go to the Moon" Instead of Being a HypeIn the world of cryptocurrency, it's easy to get caught up in the hype and invest in coins that promise to make you rich quick. But before you put your hard-earned money into any coin, it's important to do your research and make sure that it has the potential to actua...
See all articles
