TRON (TRX): what is it and how does it work?
Through the use of blockchain technology and decentralized apps (DApps), the TRON (TRX) network is committed to furthering the decentralization of the internet. The TRON network, which was established in September 2017 by H.E. Justin Sun, has kept up its excellent performance since the launch of its mainnet in May 2018.
In July 2018, BitTorrent, a pioneer in decentralized services with close to 100 million monthly active users, was also acquired and integrated into the TRON ecosystem. Additionally, TRON, which surpassed Tether (USDT) on Ethereum in April 2021, contains the largest global circulating supply of stablecoins. The TRON network became a wholly community-governed decentralized automated organization (DAO) in December 2021 after decentralizing fully.
The TRON Foundation, often known as TRX, has released TRONIX, a mainnet token based on the TRON Protocol. On the TRON blockchain, TRX tokens serve as the fundamental unit of accounts, and the value of all other coins is derived from that of TRON. Other tokens include BitTorrent (BTT), JUSTt (JST), USD Coin (USDC), Tether (USDT), and NFTs.
All TRC-based tokens naturally use TRX as a medium of exchange. With several application scenarios that drive transactions and applications on the chain, TRX unites the whole TRON ecosystem.
This article will deep dive into how TRON works and how to use and stake TRON as well as explore if the TRON network is secure.
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