Exchange TRON (TRX)

Tron is a decentralized open-source, blockchain-based operating system with smart-contracts functionality. According to the official website of the project, it considers itself the fastest-growing public blockchain. The goal of the project is to create a fully decentralized internet and a worldwide free content entertainment system as a part of its wide infrastructure. 

Initially, Tron was planned as a system that will help the creators of digital content to be rewarded for their work without intermediaries like Youtube, Vimeo, or Facebook. The idea was to invite the audience to reward the creators directly. 

Tron was envisioned and founded as an innovative solution for the pressing scalability challenges that networks like Ethereum and Bitcoin were facing. In July 2017 Tron Foundation was established in Singapore, in December 2017 its open-source protocol was published, and less than a year later the Tron testnet was launched in May 2018. In 2 months, Tron launched its Mainnet Odissey 2.0 and finally went live in July 2018. 

The founder of Tron is Justin Sun, who is now the CEO of the project. He was included in the ‘30 under 30’ list of entrepreneurs by Forbes Asia. He was also associated with Ripple — serving as a representative of the project in the Greater China area. 

In recent years, the Tron network has gained significant traction with over 101 million users on the blockchain and over 3 million transactions. It also holds the biggest supply of stablecoin, overtaking the number of USDT on the Ethereum network. In December 2021 the network completed full decentralization and is now completely governed by the community through its DAO.

The software of Tron supports smart contracts and different kinds of blockchain systems and decentralized applications. It uses the UTXO transaction model, where all the transactions happen in a public ledger and all the participants of the network can track the history of the operations. 

The ecosystem of Tron consists of three layers: 

• Storage Layer that segments all kinds of ecosystem data such as blockchain state, transactions history, etc.
• Application Layer that is utilized by the developers to create decentralized applications, wallets, and other products;
• Core Layer that processes the instructions written in Java or Solidity programming languages and then sends them to the Tron Virtual Machine that executes the dApps. 

The Tron network uses delegated Proof-of-Stake consensus, which provides Tron with higher efficiency and throughput. The users can stake their tokens to get Tron Power and be able to vote for the representatives who validate and add new blocks. The Tron blockchain can process more transactions; according to the development team it can process up to 2000 per second. Moreover, there are no fees on the network. 

The content creators on the Tron network are rewarded in TRX tokens. They can also deploy their own tokens and use them in their own developed decentralized applications. Additionally, the network hosts decentralized games, where the players can engage with the creators. Tron is one of the most popular blockchains to develop decentralized applications.

TRX is the native token of the TRON blockchain. Originally the coin was launched as ERC-20 on the Ethereum network, but once the project went on its mainnet the assets were moved to their own blockchain. The total supply of TRX is a little more than 92 billion and all of them are in circulation. Interestingly, 45% of the supply went to the founder and the projects, while the other 55% was distributed among investors.