Tron coin, otherwise known as Tronix (TRX) is the crypto asset that powers Tron, a blockchain network similar to Ethereum. As with Ethereum, Tron allows developers to build decentralized applications (Dapps) that can run without intermediaries thanks to smart contracts, or self-executing contracts of computer code. While Ethereum is more popular than Tron as a smart contract platform, Tron boasts some impressive features, such as high scalability (ability to handle many transactions at once) and the ability to code using familiar languages like Java instead of Ethereum’s Solidity.
Specifically, Tron is capable of producing 2,000 transactions per second compared to Bitcoins 4.6 transactions per second. This performance puts TRX on par with major payment processors such as PayPal & VISA
Best of all, TRON has zero transaction fees. You can send a million dollars in TRX to anywhere in the world in seconds and never have to pay a fee.
To grasp the monumental task TRON’s developers seek to take on, it’s crucial to understand a little about the decentralized internet. The decentralized internet differs from the internet you are used to in some key ways. Primarily, there are no hosting companies. Instead, the entire internet is run by personal users.
So far, TRON has made a variety of high-profile partnerships. These include:
- Samsung. The latest Samsung smartphones, from the S10 Galaxy onwards, will all support TRX, among a small range of other cryptocurrencies which run on the TRON platform (USDT-TRON, BTT, and Beatzcoin)
- Multinational bike-sharing company oBike, which launched its own cryptocurrency (oCoin) on the TRON network
- The social networking site Global Social Chain
- Baofeng Group, the so-called Netflix of China
- The Chinese search engine Baidu
- The BitTorrent token
- Lindsay Lohan to release NFTs on TRON Network
The TRON platform is the biggest power of decentralized apps (dApps) in the world. The demand for decentralized services has recently skyrocketed and investors don’t believe that this trend will slow down any time soon. As more and more people choose to share their content directly with their audience, free from third parties such as Google and Apple, platforms such as TRON will emerge as the obvious choice. If this happens, it will in turn drive up the demand for TRX — resulting in a favorable increase in price.
Ever since TRON (TRX) entered the crypto market in 2017, it’s had one of the most vocal followings in the sector. This coin leveraged this community support and its unique technical aspects to become one of the top 10 cryptocurrencies in the world in terms of market cap. More impressively is the fact that it only took TRON two years to accomplish this task.