{"id":8140,"date":"2022-01-18T10:32:26","date_gmt":"2022-01-18T10:32:26","guid":{"rendered":"https:\/\/tokpie.io\/blog\/?p=8140"},"modified":"2024-09-02T13:24:30","modified_gmt":"2024-09-02T13:24:30","slug":"tron","status":"publish","type":"post","link":"https:\/\/tokpie.io\/blog\/tron\/","title":{"rendered":"Why’s TRON in TOP30: TRX coin"},"content":{"rendered":"\n

What is gone from one place shows up in the other. This law of energy conservation works well in the cryptocurrency markets, too. So, after the devastating increase in Ethereum’s gas fee, many users and DAaps’ developers moved to alternative blockchains. Of course, the Binance Smart Chain and its BNB coin have become the primary beneficiaries of crypto projects’ mass migration. However, another side that rode that wave was the TRON blockchain with its TRX coin<\/a>. Continue reading to learn more about TRON’s network, inflation, and how to mint TRX cryptocurrency. Also, you’ll find a guide on how to trade TRX coins on the Tokpie exchange.<\/p>\n\n\n\n

Update<\/strong>: User can deposit, trade, and withdraw TRX (TRC20) on Tokpie exchange starting from September 02, 2024.<\/p>\n\n\n\n

\"Tron's
TRX’s price chart. Weeks. USDT.<\/figcaption><\/figure><\/div>\n\n\n\n

What’s TRON?<\/h2>\n\n\n\n

Tron is a decentralized blockchain platform. It aims to revolutionize the distribution and consumption of digital content across the internet. Justin Sun, an entrepreneur, established Tron in 2017. The platform seeks to eliminate intermediaries like streaming services, app stores, and content distribution platforms. As a result, it empowers creators and users with direct control over their content and data.<\/p>\n\n\n\n

Tron operates on a delegated proof-of-stake (DPoS) consensus mechanism. This approach ensures high scalability, fast transaction speeds, and minimal energy consumption. Furthermore, the Tron blockchain supports various decentralized applications (dApps) and smart contracts. Developers can build and deploy complex applications without relying on centralized entities.<\/p>\n\n\n\n

Tron has also expanded its ecosystem by acquiring BitTorrent, the world\u2019s largest decentralized file-sharing protocol. This acquisition further enhances its capability to enable seamless sharing of data and content. With a focus on high performance, user-friendliness, and accessibility, Tron aims to reshape the digital entertainment industry. Additionally, it seeks to drive the adoption of blockchain technology on a global scale.<\/p>\n\n\n\n

Sun Network<\/h3>\n\n\n\n

The Tron ecosystem has gotten the Sun Network sidechain thanks to the recent update. Such a side chain helps DApps operate on TRON with lower energy consumption, faster speed, and enhanced safety, providing unlimited capacity for TRON’s network. For example, a sender pays only a tiny fraction of the mainchain’s cost when transferring through Sun Network.<\/p>\n\n\n\n

\"TRX's
TRON’s sidechains.<\/figcaption><\/figure><\/div>\n\n\n\n

What’s the TRX coin?<\/h2>\n\n\n\n

Tron (TRX) is a well-known cryptocurrency. It powers the decentralized ecosystem of the Tron blockchain. The platform focuses on building a decentralized internet infrastructure. Justin Sun launched Tron in 2017. The platform aims to facilitate the sharing and consumption of digital content. It eliminates intermediaries, which reduces costs and increases efficiency.<\/p>\n\n\n\n

TRX serves as the native currency of the Tron network. It is used for transactions, staking, governance, and rewarding content creators. The TRX token follows the TRC-20 standard. This standard is compatible with the Ethereum ERC-20 format. Therefore, it enables easy integration with other blockchain applications and wallets.<\/p>\n\n\n\n

Tron offers high throughput and low transaction fees. These features make it an attractive platform for decentralized applications (dApps), smart contracts, and token issuance. Additionally, the network uses a delegated proof-of-stake (DPoS) consensus mechanism. This mechanism ensures rapid transaction processing and energy efficiency. As a result, Tron stands out as a versatile and scalable solution in the blockchain space.<\/p>\n\n\n\n

Currently, Tron continues to gain traction due to its robust performance. Its growing ecosystem also strengthens its position. Therefore, TRX remains a vital asset in the broader cryptocurrency market.<\/p>\n\n\n\n