Tron (TRX) has grown by 2,000% yes, two thousand (2,000) percent growth is very fast. Users have been holding this coin a lot and Almost everyone has heard of Tron coin, but do you know what Tron really is? Or are you still wondering to yourself, what is Tron coin about? If the answer is yes, you are in the right place friends, we are going to talk about this coin.

So, what is Tron coin?

To understand what Tron coin is, we need to start at the bottom. Tron is a decentralized entertainment and content sharing platform that uses blockchain and peer-to-peer (P2P) technology. You can think of it as the next generation social media outlet where you can create and share content with anyone, anywhere in the world. Tronix is ​​the basic unit of account on the Tron blockchain. The currency is used to pay you for your content, and is often called its ticker symbol "TRX".

People who enjoy social media, online games and other forms of online entertainment, will love Tron. By using the Tron cryptocurrency ecosystem, you can not only share content with other people, but you will also be compensated as a creator of the content and data that you generate. Such a model operates in direct opposition to traditional social media companies, such as Facebook, which monetize user data. Often they do this without the user's knowledge, reaping the benefits only for themselves. When you use the Tron cryptocurrency, you are in control of your data and you will be compensated for your own content. The leader of Tron is a young man named Justin Sun, who has a really cool background for someone of any age, especially at the age of 27 *.

For starters, he found the Peiwo application which already had 10 million users. Justin Sun has led Peiwo to become the first streaming application to accept cryptocurrency. The Peiwo app is one of the leading members of the online audio content community. The biggest advantage of using TRX coin is that you empower content creators and artists around the world to take ownership of the content they create. Tron leads a movement that some people call the third generation web or third web. While it may sound like something is in the future, this third-generation web, or web 3.0, can empower people to use the internet as it was originally intended to be found as a decentralized open network.

To help you fully understand what Tron coin is, I will give you a glimpse into how TRX coin transactions work. Like many other digital currencies, TRX coin transactions take place on a public ledger. In this public ledger, the history of each transaction can be traced all the way back to the first transaction. The transaction model that Tron coin uses is similar to the transaction model used by Bitcoin. The only difference is that Tron has improved the Bitcoin model by providing an additional security system.

The model that TRX uses is called UTXO. In the UTXO model, there is a basic output which is an amount of money sent to the user's TRX address along with a set of rules that will reveal that specific amount. The end result is an output called UTXO. But to really understand what TRX is, you don't need to know too much about the UTXO model. It's for developers and nerds who likely know a lot more than necessary. (Not that there is anything wrong with that!) You have to focus on the big picture, stick to the general uses that Tron provides for people who want to regain control of their data and still use social media.