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What is TRON

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Written by   91
6 months ago

For those of you wondering what Tron is:

TRON (TRX) was founded in 2017 by Justin Sun through a Singapore-based non-profit called the Tron Foundation. The Tron Foundation's 2017 initial coin offering (ICO) created 100 billion TRX and raised a total of $70 million.

The TRON Protocol represents the architecture of an operating system based on blockchain technology which could enable developers to create smart contracts and decentralized applications (DApps), freely publish, own and store data and other content. According to the TRON Foundation, the ecosystem surrounding this network specializes in offering massive scalability and consistent reliability capable of processing transactions at a high rate via high-throughput computing. TRON was initially created as a token based on Ethereum, but migrated to its own network in 2018. Holders of ERC20 TRX tokens traded them for the TRX digital currency on the TRON network, and the Ethereum-based tokens were then destroyed.

TRON founder Justin Sun is known for being active on social media. He is also the CEO of BitTorrent, and acquired Steem in 2020.

REASONS WHY YOU SHOULD HAVE TRON THIS YEAR

1. It is owned by Justin Sun, launched on the 13th of September 2017

2. In 2019 Tron bought BitTorrent which have over 100 million users globally and at one point accounted for 30% of all internet traffic worldwide.

3. Tron also acquired the famous blockchain social media company Steemit

4. In 2019 Tron partnered with Samsung to have its apps and Dapp on all their new mobile phones

5. Tron has partnered with Obike in Singapore and has helped them create their native token Okoin and accepts it as payment

6. Tron blockchain is 80 times faster than Ethereum and 667 times faster than bitcoin blockchain

It is over 20times cheaper in transaction fees than both bitcoin and Ethereum.

7. Tron is a Proof of stake coin hence you get rewarded for owning some TRON.

8. TRON is aim is a decentralized internet and has smart contract features

9. TRON works with regular programing language such as python and java which makes it easy for mass adoption for programmers compared to ethereums solidity

10. TRON blockchain offers coin creation features and decentralized apps

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Written by   91
6 months ago
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Comments

Tron is cheaper and faster than ETh. Smaller ecosystem but growing fast. JustSwap and Yield Farming this month!

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6 months ago

Yes swapping is better I must say

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6 months ago

I bought some trx last month and invested it on bank of tron. So far, it's still paying.

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6 months ago

Am scared investing tho 200tron just crashed yesterday

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6 months ago

Yeah. Investing is really risky. I also lost some trx on tronscan. That's why I just invested on bank of Tron. It is paying since 2019. But only 3.7 roi per day..

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6 months ago

I intend to explore their DeFi DAPPS in the coming weeks.

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6 months ago