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What is TRON (TRX)

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Written by   67
1 month ago

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.

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Written by   67
1 month ago
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Comments

How can we earn this coin? Buying is the inly way to get it? Is there any site or apps that can give us this coin? Very informative article. Thank you. Hope you will give me more information

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1 month ago

You can also swap any crypto to get TRX, there are also some faucet site and telegram bot that giving it for free.

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1 month ago

Wow! That's good.

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1 month ago

Your welcome

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1 month ago

Trx was most known nowadays and hoping that the legitimacy of this token or crypto became stable to the future.

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1 month ago

Sana all my tip haha

$ 0.00
1 month ago

Buti nga tinanggap kanina may EXC pero i-unpublished pa rin

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1 month ago

Nakakaloka ang bot ngayon..tinatamad ako magsulat . wala pang tips hay

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1 month ago

Kaya yan..ako nga walang maisip isulat...naghahagilap pa ng mababasa..baka sakin lang napunta yung tira sa daily fund,,wala na agad nagtago na si bot pagkatip

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1 month ago

Hndi manlang tyo binibigyan ng abeso kaloka

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1 month ago

Yup.. Para tayong naglalaro ng hide and seek tayo ang taya si bot ang nagtatago(^_^), paghindi mahanap nagbibigay ng tip, pero si bot sobrang ilap minsan lang magtip

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1 month ago

Sinabi mo pa. At yang advertiser points.. Kaloka..wala ngang ads dto.. At panu yung selection? Wala namang nag aadvertise satn haha

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1 month ago

Siguro sa brave browser sila kumukuha diba may mga ads dun na lumalabas para sa BAT, baka ganun gagawin nila. Swerte nga nung meron ganung featured, may additional income..waiting nalang tayo na mabigyan ng ganung featured.

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1 month ago

Okay naman to kc pra hndi magrely ang fund sa pledge from marc de mesel..pro dalat yung $500 spending ibigay parn

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1 month ago

Yup ok din tong additional kapag nagkataon madagdag. Parang isa rin malaking tanong nadidistribute ba talaga yung daily $500 funds sa mga deserving authors.??

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1 month ago

Parang hndi.. Lol.. Lalo na ngayon may bug.. Kya hndinabibigyan tips ang iba..

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1 month ago

Oo nga hirap din malaman kung Yung nabibigyan sulit nga ba sa fund..I mean talaga bang dapat bigyan ng tip. Kasi ang dami na natin dito

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1 month ago

it was not unpublished na, at my tip na din😊

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1 month ago

Yan lang nakalusot kay Bot at ang bilis nga niya magtip dati araw inaabot bago magbigay

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1 month ago

lets hope na maging maganda ang susunod na galaw ng bot.. as of now d umaabot ng $1 ang tip nya sa akin ng d whole week kya rock n roll lng

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1 month ago

Sakin yan na ang tip in whole week..wala na mapublish

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1 month ago