The Tron coin, one of the most popular cryptocurrencies and currently ranked 20th, is in high demand among gamblers and gamers. Tron’s goal is to build a free and global digital content entertainment network that takes advantage of distributed storage technologies while allowing users to share digital content quickly and cheaply..
If you’re wondering, it has nothing to do with the sci-fi Disney franchise of the same name!
Tronix (TRX), the company’s native token, has increased in value by more than 200 percent in the last year.
What is Tron (TRX) or Tron Coin?
The Tron coin is a blockchain-based cryptocurrency that was launched in 2017. At the time, it was unique in that it didn’t try to promote any cryptography or network architecture advancements.
Other ventures pioneered the basic building blocks of Tron, such as decentralized applications (dApps), smart contracts, tokens, and delegated proof-of-stake consensus. Although some questioned the project’s lack of creativity, others praised the use of tried-and-true functionality rather than attempting to create something entirely new. This has allowed for a stronger emphasis on user interface and design.
Tron set itself apart with an Asia-focused marketing strategy that centered on promoting Justin Sun, the company’s founder and creator. It’s no surprise that the futuristic-sounding Tron and its coin has enjoyed some success, given its incredibly active community of ardent fans.
The Tron Foundation, the non-profit development organization behind Tron, acquired peer-to-peer content sharing platform BitTorrent in 2018, bringing the TRX cryptocurrency even more mainstream attention.
What makes Tron so special?
Tron coin is a unique cryptocurrency in that it offers a unique perspective and set of goals to the market. TRX has no transaction fees, which is a remarkable achievement. Aside from that, the network can handle 2000 transactions per second.
Holding (and staking) TRX allows users to participate in the selection of super representatives. Furthermore, the platform’s ability to compensate content creators for their efforts with the Tron coin while retaining complete control over their projects is a highly valuable concept.
What is Tron’s technology and how does it work?
The network is built on a few principles, the first of which is that all data on the network is free and not controlled by a single entity. In return for their work, content creators may be compensated with digital assets such as the TRX token or other tokens backed by TRX.
As previously discussed, creators may build their own coins or tokens that can be used inside their own Dapps on the network.
Creators can create their own coins or tokens that can be used within their own Dapps on the network, as previously mentioned. The main Tron coin – or token – serves as a foundation for these newly created tokens.
One of the final stages of the network growth strategy is to promote games on the network. These would be fully decentralized, and if users liked the game, they would be able to directly reward the developers with their own digital properties.
What makes Tron so special?
The most significant advantage of using Tron is that artists and content creators from all over the world can now fully own the content they create. The ability to create and share content without worrying about crippling transaction fees is also a huge plus.
Tron is one of the most prominent web 3.0 projects. The 3rd-generation web’s main goal is to allow people to use the internet in a decentralized and open manner, and this new network includes real-world value.
Tron is unique from the perspective of developers because it is currently being built to allow the use of high-level language for smart contracts. Developers will be able to use any programming language to build on top of Tron’s open-source design in the future.
How many Tron coins are in circulation?
Tron (TRX) was first launched through an initial coin offering (ICO), which raised approximately $60 million USD.
TRX, the native Tron coin coin, was created with a maximum supply of 100,850,743,812, with 71,659,657,369 TRX tokens currently in circulation.
Tron coin (TRX) is currently ranked 22nd in terms of market capitalization on the top cryptocurrency prices list, with a market cap of $3.98 billion.
How to get and use Tron
The Tron network can currently support a wide range of applications and games. Tron is frequently used to transact, in addition to its primary use case as a platform for content creators, because TRX transactions have no fees.
Many companies, including Travala, SpendCard, Bitnovo, and others, accept Tron coin as a form of payment. Furthermore, Tether’s stablecoin, USDT-Tron, has been moved to Tron’s network.
Tron’s ecosystem has grown even more impressive since BitTorrent’s acquisition.
A Tron faucet is a system that rewards people who want to earn free Tron tokens. You can receive free TRX tokens by playing games, recommending friends, completing surveys, and participating in other activities.
One of our favourite Tron coin faucets is Konstantinova TRX, which at the time of writing gives you approximately 0.0039 TRX every 5 minutes!
If you want too earn even more, check out our Top Tron Faucets 2021 list – it’s updated weekly, and features the best faucets to claim free Tron coin.
Buy Tron on exchanges
If you’ve got some money to invest, you can also buy it directly from cryptocurrency exchanges. We recommend Binance, as they have low transaction fees, quick deposits and withdrawals, and comprehensive staking options to grow your portfolio.
The future of Tron coin
Tron is a large-scale project with a number of potential milestones in the coming years.
Tron, as one of the most popular cryptos, has a lot of room to grow in the market. Tron was ranked 56th a few months ago, but according to CoinMarketCap, it is now ranked 13th. Because Tron is separating from Ethereum, it has a good chance of reaching 0.4 USD in the next 5-8 months.
Although Tron is expected to grow, its rate of growth may be slower than that of its peers. However, from 2021 onwards, it is possible that it will move at a faster pace because it has a well-defined roadmap with plenty of room for growth and development. Project Atlas was released in 2020, and it incorporated TRON’s most recent acquisition, BitTorrent, to make it even more secure.
Is investing in Tron a good idea?
This is an intriguing investment if you’re interested in the Tron network’s potential and the future of online media. TRX tokens are required to interact with the network, so they’re a good investment in that regard, especially if you’re a budding content creator or simply have a passion for media and want to use all of the network’s dApps.
It should be noted, however, that because TRX is a cryptocurrency, it is subject to price fluctuations. They aren’t on the more expensive end of the cryptocurrency spectrum, at only $0.01 per token, but the investment principles are the same.
Final thoughts on the Tron coin (TRX)
If you’ve been following TRON since its inception, you’ll be familiar with the currency’s evolution over the last few years.
At the time, it was the most well-known Ethereum-based Blockchain project. Tron is a one-of-a-kind cryptocurrency project that has combined a number of technologies pioneered by other projects.
Content creators who are frustrated by censorship or other issues with centralized content platforms can turn to the Tron network for additional assistance. Its zero-transaction-fee system also makes it an appealing option for both businesses and consumers when it comes to crypto payments.