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- r/Tronix
- Here’s what happened in crypto todayCointelegraph.com News – 10 hours agoNeed to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3…
- Bitcoin ‘could’ consolidate for ‘4 or 5 months,’ but big cup and handle looks promising — AnalystCointelegraph.com News – 10 hours agoAnalysts say Bitcoin price could range trade for up to 5 months, but longer-term technical and on-chain data continues to point to a 6-figure BTC…
- US Senate passes resolution overturning SEC crypto rule on banksCointelegraph.com News – 10 hours agoU.S. President Joe Biden said he intended to veto the joint resolution aimed at overturning an SEC rule requiring banks to keep customers’ digital assets…
- Vitalik Buterin says GPT-4 has passed the Turing TestCointelegraph.com News – 11 hours agoButerin’s comments reference new research indicating most humans can no longer tell when they’re talking to a machine. OpenAI’s GPT-4, a generative artificial intelligence (AI)…
- India’s SEBI recommends local regulators to monitor crypto tradingCointelegraph.com News – 11 hours agoDocuments reveal SEBI’s recommendation for distributed regulatory oversight of cryptocurrencies in India. The Securities and Exchange Board of India (SEBI) has suggested that multiple regulators…
What is TRON?
Tronix (TRX) is a coin, initially launched on Ethereum Blockchain as an ERC-20 token. However, in June 2018 Tron foundation launched their own proprietary Blockchain that promised to have higher transaction speeds than Ethereum. The transaction speed of Tron in tests was 2000 Transactions per second (TPS) compared to Ethereum 25 TPS. The shifting from Ethereum blockchain to Tron blockchain was completed by burning 1 billion ERC-20 tokens (TRX). Tron is available on major exchanges such as Binance, OKEx, Huobi, Kucoin, Bittrex etc.
The purpose of TRX coin is to be a decentralized content distribution platform for the social media and digital entertainment industry. Some of the features of TRX includes the ability to upload, save and download images, audio, video, and characters. Tron can be considered as a next generation social media outlet where one can share the content with anyone on the internet and get paid in form of TRX coin. It empowers the user to manage, secure and distribute the content as and when required, thus enhancing the privacy.
Tron is the vision of Justin Sun, who is the founder and CEO of Tron foundation. He remained a chief representative of Ripple (XRP) in China. He is also the founder of “Peiwo” website with a registered user base of over 10 million. The live streaming app of “Peiwo” is fully integrated with Tron. Tron is headed to revolutionize the social media with its decentralization technology.