Tron (TRX)

Tron started in 2017 as an ERC-20 token on the Ethereum network to finance the project. In early 2018, investors who received tokens swap them for a token running on the Tron network with some essential functionality.

Since then, all Tron tokens have been performing on their network. The TRX is the original token of its protocol. Tron intends to realize a decentralized entertainment business: social networks, gaming, online casino, etc.

The Tron network is built up of three layers:

    First, the central system: Alike multiple different blockchains, Tron practices a virtual machine (VM). Computers send guidance written in Java or Solidity to the VM, converted into bytecode that can execute on any system. What must broadcast every transaction in the network to the whole system? This is how the protocol holds a print of account balances.

    DApp layer: This is where smart contracts and applications communicate with the blockchain. Developers and businesses can utilize it to build new services.

    Storage layer: This part backs up the data saved in the blockchain by users and smart contracts.

Tron is, consequently, a competitor of Ethereum, permitting the development of smart contracts and decentralized applications.

Why Should You Invest in This Encouraging Tron Crypto Currency in 2021?

After Tron joined the cryptocurrency market in 2017, it has appreciated powerful investor attention. This cryptocurrency has caught advantage of this community assistance and its unique technical aspects of entering the best ten cryptocurrencies in market capitalization in only two years. The project is under development, and it will add extra points to the platform, which will surely obtain more and more participants.

Advantages of Tron

This innovative contract platform has several advantages:

    More generous compensation for artists with a decentralized entertainment platform
    A profoundly experienced development team including experts from Ripple
    The network can manipulate 2000 transactions per second

Disadvantages of Tron

Tron still has weaknesses.

Almost 50% of TRX are owned in 10 addresses (centralization)

    Only 15% of TRX is open to investors

Tagged in: