What is Tron (TRX)?
TRX, or Tronix, is the cryptocurrency of Tron blockchain, a platform created to host decentralized applications (DApps), run smart contracts, and accelerate the adoption of decentralized finance. Summing up, Tron came up with the idea of becoming a good ecosystem and an alternative to the Ethereum network. In late 2021, Tron Foundation took an essential step towards decentralization by becoming a DAO (Decentralized Autonomous Organization). Currently, virtually all Tron management is carried out by its users and developers.
What makes it unique
TRX is a Tron blockchain cryptocurrency, which can be used as a payment and reward for platform developers.
It uses the proof of stake mining system, making the validation process faster and less costly. While Ethereum can process 25 transactions per second (tps), Tron blockchain can process 2000 tps.
TRX is limited in supply to a total of 100 billion units.
Within the Tron ecosystem, TRX holders can lock their assets on the platform and act as transaction validators, the “super representatives.” In this way, they receive more TRX as a reward.
TRX is a Tron blockchain cryptocurrency. Also known as Tronix, TRX is used as a means of payment for the platform and to reward developers who work on the Tron network.