Tron TRX
$0.12625 0.44%
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Updated at 05:15$11,044,009,643.18
#13
$189,201,750.85 0.38%
-$0.00056 0.44%
+$0.00538 4.26%
What about Tron?
Tron, a decentralized platform created in 2017, aims to build the infrastructure for a free, global digital economy. The Tron team, led by CEO Justin Sun, sees the project's mission as "decentralizing the web" and democratizing the internet. Tron's native currency, TRX, can be used to pay for goods and services on the Tron network. Tron has a total supply of 100 billion TRX.
Buy Tron Without Any Hassle
Tron (TRX), established in September 2017 by H.E. Justin Sun, is dedicated to advancing internet decentralization using blockchain technology and decentralized applications (DApps). Since its Mainnet launch in May 2018, Tron has achieved remarkable milestones. In July 2018, Tron acquired and integrated BitTorrent, a decentralized services pioneer with nearly 100M active monthly users.
With over 195 million blockchain users and over 6.6 billion transactions, Tron has experienced significant growth. It now holds the highest circulating supply of stablecoins worldwide, surpassing USDT on Ethereum in April 2021. The Tron network achieved full decentralization in December 2021 and currently operates as a community-governed DAO.
You can see the current Tron price and TRX market statistics from our interactive Tron price chart. You can buy Tron instantly and securely too, using your favorite payment methods, like a debit card, credit card, wire transfer, and more.
Through our platform, you can also exchange cryptocurrencies you already hold for TRX coins. Use our TRXs price converter to estimate how many Tron coins you can get based on your investment in fiat currencies or digital assets.
TRX Token
TronIX, commonly known as TRX or Tron Coin, is the native token of the Tron Protocol issued by Tron DAO. It serves as the basic unit of accounts on the Tron blockchain and acts as a medium currency for all TRC-based tokens. With its widespread adoption, TRX has become an integral part of the entire Tron ecosystem, powering transactions and applications on the chain. In fact, TRX has been granted statutory status as an authorized digital currency and medium of exchange in the Commonwealth of Dominica since October 7th, 2022.
TRX Market Performance
As one of the most promising cryptocurrencies, TRX has caught the attention of millions of value investors globally. This is evident from its widespread listing on over 130 cryptocurrency exchanges, facilitating easy access for traders. TRX's current market cap exceeds $9.4B, showcasing its overall market value and potential. With over 106 million accounts holding TRX, it has established a strong user base of TRX holders.
TRX Migration
In June 2018, the ERC20-based TRX tokens, which were issued by the Ethereum blockchain, successfully migrated to Tron's Mainnet. During this migration period from June 21st to 25th, 2018 (Beijing time), investors were able to exchange their ERC20 TRX for the Tron Mainnet tokens.
However, for those who missed the migration announcement and the migration period, there is still an opportunity to exchange their tokens. Some exchanges, such as Gate io and KuCoin, have pledged their support for TRX migration permanently, allowing investors to convert their tokens seamlessly.
TRX Coin Burn
As Tron's Mainnet was launched on June 25th, 2018, the ERC20-based TRX tokens were migrated to Tron's Mainnet. In the process, Tron DAO gradually burnt the ERC20-based TRX tokens. The total number of ERC20 TRX burnt now stands at a staggering 99,188,397,993.45 tokens, accounting for 99.19% of the total supply. This coin burn mechanism helps ensure the scarcity and value appreciation of TRX.
TRX Application Scenarios
Tron (TRX) is a cryptocurrency that aims to decentralize the entertainment industry. It seeks to revolutionize the way content is created, distributed, and consumed. Here are some application scenarios of TRX:
Content Creation and Sharing. Tron enables creators to directly interact with their audience without intermediaries, such as record labels or streaming platforms. Artists can upload their music, videos, or other creative content onto the Tron blockchain, ensuring transparency, copyright protection, and fair monetization.
Gaming Industry. Tron aims to transform the gaming industry by providing a decentralized platform for developers. By building on the Tron blockchain, game developers can create unique in-game assets, rewarding players with TRX tokens and allowing seamless trading of these assets among users.
Decentralized Applications (DApps). The Tron blockchain network provides developers with a platform to build decentralized applications. These applications can range from social media platforms, prediction markets, digital identity systems, to various other utility-based applications. The Tron network offers high scalability and faster transaction speeds, enabling smooth user experiences.
Media and Content Streaming. Tron supports the creation of decentralized media platforms, where content creators can directly connect with their viewers. Viewers can pay for content using TRX tokens, eliminating the need for intermediaries and reducing transaction fees. This fosters a more transparent and censorship-resistant environment.
Tokenization and Fundraising. The Tron blockchain allows for token creation and issuance. This opens up opportunities for startups and businesses to tokenize their assets or launch Initial Coin Offerings (ICOs) to raise funds. TRX coins serve as a medium of exchange within the Tron ecosystem for various services, making fundraising more accessible and efficient.
Decentralized Finance (DeFi). Tron's blockchain also facilitates various DeFi projects. Individuals can lend, borrow, and earn interest on TRX tokens through decentralized lending platforms. Tron enables users to take part in liquidity mining, yield farming, and other DeFi applications.
TRX Token Supply
The total supply of Tron (TRX) coins is 100 billion. TRX tokens were distributed during the initial coin offering (the Tron ICO) in 2017 when it raised funds for the project's development.
As for the creation of new TRX coins, Tron follows a model of inflationary supply. Every six hours, new TRX tokens are generated and awarded to the ecosystem participants as block rewards. These participants include Super Representatives (block producers) and voters who participate in the voting process.
The amount of TRX generated per block reward changes. Initially, at the launch of the Tron Mainnet, the block reward was set at 32 TRX per block. However, it has steadily decreased through a process known as "reducing the rewards ratio" over time.
The intention behind reducing the reward ratio is to control the overall inflation of the TRX supply and ensure economic sustainability. The process involved gradual reductions that brought the block reward down to the current amount, which is approximately 1 TRX per block. This reduction occurs every 270 days until TRX reaches a supply cap of 100 billion.
It's essential to note that the creation of new TRX coins through block rewards is separate from the token distribution that occurred during the ICO, where the initial supply of TRX was established.
Tron Ecosystem
The Tron (TRX) ecosystem comprises various projects and products, including:
Tron Blockchain
Tron operates on its own blockchain platform, which looks to provide high scalability and fast transaction speeds.
TronIX (TRX) Cryptocurrency
TRX is the native cryptocurrency of the Tron ecosystem, used for transactions, voting, and accessing decentralized applications (dApps).
Tron Virtual Machine (TVM)
TVM is a Turing-complete virtual machine that enables developers to create and execute smart contracts on the Tron blockchain.
Tron DApps
Tron hosts a slew of decentralized solutions, including gaming, gambling, finance, decentralized crypto exchanges, and social media platforms. Notable dApps include BitTorrent, TronTrade, TronBet, and WINk.
TronWallet
TronWallet is a secure digital wallet that allows people to manage, transact, and store TRX, along with other TRC-20 tokens.
Tron 20 Token Standard
TRC-20 is a technical standard used for the implementation of tokens on the Tron blockchain, similar to ERC-20 on Ethereum.
TronSCAN
TronSCAN is a block explorer and blockchain data platform that provides users with information about transactions, addresses, and blocks on the Tron network.
Project Atlas
It seeks to integrate the BitTorrent protocol with the Tron blockchain, facilitating faster and more efficient content sharing on the BitTorrent platform.
Tron’s Architecture
The Tron is a blockchain that incorporates 3-layer architecture, consisting of the Storage layer, Core layer, and Application layer.
Storage Layer
This layer is where all the data and content on the Tron blockchain is stored. It comprises multiple storage modules, including state storage, database storage, and extension storage. The primary purpose of the storage layer is to handle the storage and retrieval of various types of data within the Tron network.
Core Layer
The core layer is the heart of the Tron blockchain architecture. It contains smart contracts and the consensus mechanism. The smart contract engine executes and validates smart contracts written in the Solidity programming language.
The consensus mechanism ensures agreement on the state of the blockchain across the network of nodes. Currently, Tron operates on a consensus model known as the Delegated Proof-of-Stake with Byzantine Fault Tolerance (DPoS+BFT).
Application Layer
The topmost layer is the application layer, which provides a user-friendly interface for developers and users to interact with the Tron blockchain. It includes various APIs, SDKs, and tools that enable the creation and deployment of decentralized apps on the Tron network. The application layer also supports the Tron Virtual Machine (TVM), which allows DApps to run on the Tron ecosystem.
This 3-layer architecture in Tron aims to provide high scalability, flexibility, and efficient storage and processing of data for decentralized applications and users on the network.
Tron Blockchain Consensus Mechanism
In the DPoS+BFT consensus model, block production and validation are carried out by a set of elected representative nodes known as Super Representatives (SRs). These SRs are selected through voting by Tron token holders. The top 27 SRs with the highest votes become the block producers and validators.
The consensus process in Tron involves two main stages:
Block Production. The elected Super Representatives take turns producing blocks in a round-robin fashion. Each SR has the right to produce one block during their assigned time slot, and they are responsible for including valid transactions in the block.
Block Validation. After a block is proposed by a Super Representative, it undergoes a validation process by a set of 127 Byzantine Fault Tolerant (BFT) nodes. These nodes verify the proposed block and ensure its validity before it gets added to the blockchain.
By utilizing DPoS+BFT, Tron is determined to provide faster transaction confirmations and higher throughput compared to other consensus mechanisms, like Proof-of-Work (PoW). This consensus algorithm also allows for more efficient scalability and energy conservation within the Tron network.
Tron Power (TP) is a concept in the Tron (TRX) blockchain that represents voting power and is used to participate in the network's governance and voting system. Holding TRX and freezing it for a specific period grants users Tron Power, which allows them to vote for SR candidates and take part in decision-making processes within the Tron ecosystem. The more Tron Power a user has, the greater their influence in the voting system.
History of the Tron Network
Tron (TRX) is a blockchain-based platform launched in 2017 by Justin Sun. Tron is aspiring to bring the infrastructure for a truly decentralized internet, and its high throughput and scalability make it a popular blockchain for designing decentralized services (dapps).
Tron's initial coin offering (ICO) raised over $70 million, and the token sale gained attention for its ambitious goals and partnerships.
The project has experienced significant growth and development, launching its Mainnet and establishing the Tron Foundation. Tron has also obtained three companies: BitTorrent, a file-sharing provider, in June 2018, CoinPlay, a blockchain app store, in March 2019, and Steemit, a blockchain-based social network, in February 2020.
Tron's mission is to revolutionize content distribution, empower creators, and provide a decentralized infrastructure for the entertainment industry.
The entire TRX price history is accessible through our interactive TRX coin price chart.
Live Price of Tron Today
Changelly offers a comprehensive price chart, reflecting the current price of Tron (TRX), with a current market cap (market capitalization), 24 hour trading volume, recent price change, and circulating supply of Tron coins. We update our Tron to USD price in real-time.
Apart from the live price of the Tron cryptocurrency, through our ultimate TRX price chart, you can also learn about the Tron price history, including the asset’s all-time low and all-time high price.
The highest price paid for the TRX token is $0.30, with a maximum market cap making up $19.7 billion at that time. The lowest price paid for the TRX token is $0.0011. An average price of TRX today is hovering at the $0.11 mark.
Although the TRX coin is one of the largest crypto assets by market capitalization, its market price can fluctuate severely. Read our Tron price prediction to know what factors can affect the TRX price and how the Tron TRX price may perform in the future. With our TRX price statistics and Tron price forecast, you can armor yourself with the right data to power your investment decisions.
Users can easily trade Tron on different crypto exchanges. TRX’s daily trading volume is highly competitive to that of Bitcoin and other cryptocurrencies with a high rank.
The market cap of the TRX crypto is also some of the largest in the crypto market, exceeding $9B. A high market cap suggests a valuable asset widely traded in the crypto market, indicating investor confidence in its stability, liquidity, and recognition.
Changelly is the ultimate destination for crypto investors to buy Tron tokens or any other digital asset, like Bitcoin Cash, USD Coin, or Binance Coin. With its intuitive interface, instant transactions, and affordable exchange rates, Changelly makes it super easy to buy crypto.
If you wish so, you can also easily sell Tron for your local fiat currency or other digital assets on our cryptocurrency exchange platform. With our ultimate Tron price statistics and TRX price prediction, you can make informed decisions about buying, selling, or holding TRX tokens.
Note, dealing with cryptocurrencies is a risky venture. Consider performing a fundamental and technical analysis of the Tron project before purchasing TRX coins. The market of any cryptocurrency can fluctuate drastically within a short time because of various factors, such as market demand, investor sentiment, regulatory changes, technological advancements, and macroeconomic events.
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