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Cryptocurrency News Video

TRON (TRX): The powerful alternative to Ethereum and Solana for decentralized applications?

Dec 02, 2024 at 08:29 pm Ed Prinz

TRON (TRX) is a decentralized, blockchain-based operating system that features smart contract functionality and the use of a proof-of-stake consensus mechanism. Founded in 2014 by Justin Sun and managed by the TRON Foundation in Singapore, it provides a platform for decentralized applications and digital content distribution. TRON started as an Ethereum-based ERC-20 token but switched to its own blockchain in 2018. One of his most notable achievements was the acquisition of BitTorrent, a leading peer-to-peer file sharing service. This acquisition significantly expanded the TRON ecosystem and strengthened its suitability for content sharing and payment systems. TRON's architecture consists of three layers: a storage, core and application layer, which together enable high transaction speeds of up to 2,000 transactions per second. This makes TRON particularly attractive for developers and companies. TRON's native token, Tronix (TRX), is central to the ecosystem and is used for transactions, application usage and participation in governance. Since its ICO, TRON has undergone impressive development, evolving from a simple token to a full-fledged blockchain platform. Important milestones are the launch of the mainnet and the integration of BitTorrent.
Video source:Youtube

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