What is Tron (TRX)?

Website: https://tron.network/

Maximum Supply: No Data

Total Supply: 100,850,743,812 TRX

Circulating Supply: 71.659.657.369 TRX

Explorers: TRON Explorer 

Whitepaper: TRON Whitepaper

What is TRON (TRX)?

TRON (TRX) is a cryptocurrency system that allows the creation of smart contracts and decentralized applications. The Tron Foundation created 100 billion TRX with an initial cryptocurrency offering (ICO) in 2017, raising a total of $70 million.

TRON Protocol represents an operating system implemented by centered on blockchain technology. In this system, developers can create smart contracts and decentralized applications (DApps), publish them freely, store data and all other content. According to the TRON Foundation, this ecosystem specializes in consistent, reliable and high-speed transaction verification, thanks to its highly scalable and highly efficient computing power. TRON was originally created as an Ethereum-based token but migrated to its own network in 2018. TRON is based on the Proof of Stake (PoS) system, which is an authorized proof-of-stake system instead of Bitcoin's Proof of Stake (PoW). Users can participate in staking on the TRON network called “Tron Power”, equal to the amount of TRX staked.

Who/By Who Was Tron (TRX) Developed?

TRON (TRX) was founded in 2017 by Justin Sun through the Singapore-based non-profit Tron Foundation. Based on Blockchain technology, TRON has been designed by targeting the entertainment industry and aims to allow its users to share the content they want with other people as they wish.