BoundlessPay Blog
Advertisement
  • Home
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Contact us
No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Contact us
No Result
View All Result
BoundlessPay Blog
No Result
View All Result
Home Altcoins

What is TRON (TRX)?

BP-Fintech by BP-Fintech
March 17, 2023
in Altcoins, Articles, Knowledge, What is
56 2
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Tron BoundlessPay

Tron (TRX) is a blockchain-based decentralized platform that aims to create a global digital content entertainment system. The platform aims to revolutionize the way digital content is created, distributed, and consumed.

Related articles

What Is Kasta?

April 13, 2023

What Is Solana (SOL)?

April 13, 2023

Tron’s goal is to create a decentralized platform for sharing and storing digital content, including music, movies, and games, without the need for intermediaries. By doing so, Tron hopes to empower content creators and reduce costs associated with content distribution, allowing artists and developers to earn more from their work.

Tron also features a decentralized application (DApp) platform that enables developers to build and deploy their own decentralized applications on the Tron blockchain. The platform’s smart contract functionality provides developers with a secure and transparent environment to build and launch DApps.

Overall, Tron’s vision is to create a global digital content entertainment system that is accessible, transparent, and affordable for all.

 

Who Are the Founders of Tron?

The Tron blockchain was created by Tron Foundation, a Singapore-based organization that is currently headed by Justin Sun. Prior to creating the Tron Foundation, Justin Sun founded Peiwo, an app that aspires to be the Asian Snapchat. This app got Sun into the 2017 Forbes 30 under 30 list. 

Justin Sun was also the former Chief Representative of Ripple in China and a graduate of Hupan University.

Tron came about after a successful ICO which raised over $70 million in September 2017.

 

The Supply of Tron (TRX)

TRON has a total supply of just over 100 billion tokens. And at the time of writing, about 91.2 billion of these are in circulation.

When a token sale was held in 2017, 15.75 billion TRX was allocated to private investors, while an additional 40 billion were earmarked for initial coin offering participants. The Tron Foundation was given 34 billion, and a company owned by Justin Sun got 10 billion.

This means that 45% of TRX supply went to the founder and the project itself, while 55% was distributed among investors. Critics argue that this is a much higher ratio than what has been seen with other cryptocurrency projects.

 

What Makes Tron Unique?

Tron is unique because it is a decentralized platform that focuses on creating a global digital content entertainment system. It is cost-effective, has smart contract functionality, and has high scalability, allowing it to handle a large number of transactions quickly and efficiently. Tron’s combination of features creates a compelling platform for developers, users, and content creators.

 

How Is the Network Secured?

TRON employs a consensus mechanism known as delegated proof-of-stake. 

TRX owners can freeze their cryptocurrency in order to gain Tron Power, which allows them to vote for “super representatives” who serve as block producers. These block producers receive TRX rewards in exchange for verifying transactions, and these rewards are then distributed to those who voted for them.

According to TRON, this approach allows its blockchain to achieve higher levels of throughput.

 

Tags: AltcoinsBlockchainKnowledgeTronTRXWhat is
Share76Tweet47

Related Posts

What Is Kasta?

by BP-Fintech
April 13, 2023
0

Kasta is a cryptocurrency payment platform that allows you to quickly and easily send, receive and swap crypto. $KASTA is...

What Is Solana (SOL)?

by BP-Fintech
April 13, 2023
0

Solana (SOL) is a blockchain that enables the hosting of decentralized, scalable apps. It was created to function like and...

What Is SHIBA INU (SHIB)?

by BP-Fintech
April 13, 2023
0

Shiba Inu (SHIB) is an Ethereum-based meme token that mimics DOGE coin and features the Shiba Inu hunting dog as...

What Is Defi Tiger (DTG)?

by BP-Fintech
April 12, 2023
0

Defi Tiger (DTG) is a community driven meme token running on the Binance Smart Chain, created to foster financial inclusion...

What Is USD Coin (USDC)?

by BP-Fintech
April 4, 2023
0

USD Coin (USDC) is a digital dollar, also known as a stablecoin, that is completely backed on a 1:1 basis...

Load More
  • Trending
  • Comments
  • Latest

What Is USD Coin (USDC)?

April 4, 2023
Wallet address update ℹ️

Wallet address update ℹ️

June 16, 2025

US Commodities Regulator Beefs Up Bitcoin Futures Review

April 25, 2025

Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

June 2, 2025

BoundlessPay Announces Strategic Partnership with Qitmeer Network

2

How to Setup 2FA (Two-Factor Authentication) On BoundlessPay

1

Last Week in Crypto: A Rundown of Major Stories in the Crypto Space Last Week

1

US Commodities Regulator Beefs Up Bitcoin Futures Review

0
Buy airtime and Data with crypto 📲

Buy airtime and Data with crypto 📲

June 19, 2025
Wallet address update ℹ️

Wallet address update ℹ️

June 16, 2025

US Commodities Regulator Beefs Up Bitcoin Futures Review

April 25, 2025

Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

June 2, 2025

SR Corporate Services Limited, Wattley Building, 2nd Floor, P.O. Box 3410, Road Town, Tortola, British Virgin Islands (BVI 2151232).

 

Vatebra Tech Hub, Lekki-Epe Expressway, Ajiwe, Ajah, Eti-Osa, Lagos State, Nigeri

Telegram Twitter Facebook Instagram Linkedin
Categories
  • Altcoins
  • Announcements
  • Articles
  • Bitcoin
  • Blockchain
  • Business
  • Ethereum
  • Guide
  • How to
  • In App News
  • Knowledge
  • Market
  • News
  • News – Editors Pick
  • News – Latest
  • News – Top Stories
  • Regulation
  • Ripple
  • Stablecoins
  • What is
Tags
Altcoin (12) Altcoins (21) Announcements (8) Binance (2) Bitcoin (2) Bitcoin Cash (1) Bitcoin drops (12) Bitcoin Wallet (12) Blockchain (18) Boundlesspay (9) Celo (2) Cointelegraph (11) Cryptocurrency (12) DefiTiger (1) DTG (1) EADIS (1) East Africa Digital Innovation Summit (1) Ethereum (1) FTX (1) Gitex Africa (1) Gitex Africa Summit (1) ICO (11) Investment (12) Kasta (1) Knowledge (22) Lending (14) Market Stories (13) MEER (1) Mining Bitcoin (11) New Listing (3) Polygon (MATIC) (1) Qitmeer Network (1) Rewards (1) SEC (1) SHIB (2) Shiba Inu (2) SOL (1) Solana (1) Stablecoins (2) Tron (1) USDC (1) Wakanda Inu (1) Web3 (1) What is (19) WKD (1)

© Copyright 2025 Boundless Nexus Ltd. (BVI) 2151232. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Contact us

© Copyright 2025 Boundless Nexus Ltd. (BVI) 2151232. All Rights Reserved


Warning: Trying to access array offset on value of type bool in /home/intehbrr/news.boundlesspay.com/wp-content/plugins/jnews-jsonld/class.jnews-jsonld.php on line 263

Warning: Trying to access array offset on value of type bool in /home/intehbrr/news.boundlesspay.com/wp-content/plugins/jnews-jsonld/class.jnews-jsonld.php on line 264

Warning: Trying to access array offset on value of type bool in /home/intehbrr/news.boundlesspay.com/wp-content/plugins/jnews-jsonld/class.jnews-jsonld.php on line 265