TRON information

What is TRON?

TRON is a decentralized blockchain platform designed to create a global digital content-sharing system, allowing creators to publish and monetize their content directly without intermediaries. Founded in 2017 by Justin Sun, TRON uses its native cryptocurrency, Tronix (TRX), for transactions, smart contracts, and governance within the ecosystem. The platform is known for its high throughput and low transaction costs, making it ideal for decentralized applications (dApps) and entertainment-focused services.

Whitepaper: TRON Whitepaper

How does TRON work?

TRON operates on a Delegated Proof-of-Stake (DPoS) consensus mechanism, where 27 Super Representatives (SRs) are elected every six hours to produce blocks and validate transactions. TRX holders can stake their tokens to vote for SR candidates, enabling decentralized and democratic governance. The platform also supports the development of dApps and smart contracts, allowing developers to create a wide range of blockchain-based applications.

The Token

Ticker: TRX

Category: Platform Token

Blockchain: TRON

Protocol: Delegated Proof-of-Stake (DPoS)

Year of launch: 2017

The Technology Behind TRON

TRON’s architecture is built on three layers:

• Storage Layer: Manages blockchain and state data storage.
• Core Layer: Handles smart contracts, account management, and the consensus mechanism.
• Application Layer: Enables developers to create and deploy dApps.

This layered design provides scalability and flexibility across the TRON network.

The TRON Ecosystem

The TRON ecosystem includes several key components:

• JustLend DAO: TRON’s first official lending platform where users can earn interest on assets and take out loans.
• SunSwap: A decentralized exchange (DEX) that enables token swaps and liquidity provision.
• BitTorrent: In 2018, TRON acquired the peer-to-peer file-sharing protocol BitTorrent, integrating blockchain with decentralized file sharing.

These components work together to create a robust and diverse ecosystem for both users and developers.

Who Founded TRON?

TRON was founded by Justin Sun, a Chinese entrepreneur and former chief representative of Ripple in China. He is also the founder of Peiwo, a popular live streaming app in China. Sun is known for his ambitious vision and has positioned TRON as a leading platform in the blockchain industry.

Impact on the environment

Click here to read more information about the impact of this coin on the environment.