The current price of TRON (TRX) is $0.2869 USD**, with a 24-hour trading volume of **$429.51 million. TRX has shown 0.00% price movement in the last 24 hours. The circulating supply of TRX stands at 94.79 billion tokens.
What Is TRON?
TRON is a decentralized blockchain protocol designed to build a global free-content entertainment system. It leverages blockchain and distributed storage technologies to create an ecosystem where users can freely publish, store, and own data. The native cryptocurrency, TRX, powers the TRON network.
A Brief History of TRON
Founded by Justin Sun (former Ripple representative) in September 2017, TRON raised $70 million through its ICO. Key milestones include:
- March 2018: Testnet, blockchain explorer, and web wallet launched.
- May 2018: Mainnet release.
- 2018: Ranked among top 10 cryptocurrencies by market cap.
TRON expanded through strategic acquisitions:
- BitTorrent (June 2018)
- CoinPlay (March 2019)
- Steemit (February 2020)
In June 2018, TRON transitioned from ERC-20 to an independent P2P network, burning 99.19% of ERC-20-based TRX tokens.
👉 Explore TRON's latest developments
How Does TRON Work?
TRON operates on decentralization principles:
Three-Layer Architecture:
- Storage: Distributed data.
- Core: Consensus mechanisms.
- Application: dApps and user interfaces.
Delegated Proof-of-Stake (DPoS):
- 27 Super Representatives validate transactions.
- New blocks added every 3 seconds (reward: 32 TRX).
Resource Allocation:
- Uses bandwidth and energy for equitable computation distribution.
Use Cases of TRON
Token Creation:
- Users issue custom tokens for dApps on TRON.
Gaming:
- Fully decentralized games with direct creator rewards.
High-Speed Transactions:
- Processes 2,000 TPS (vs. Ethereum’s 25 or Bitcoin’s 3–6).
FAQs About TRON
1. What is TRX used for?
TRX facilitates transactions, governance, and token creation within the TRON ecosystem.
2. How is TRON different from Ethereum?
TRON focuses on entertainment/media, offers higher scalability, and uses DPoS (vs. Ethereum’s PoW/PoS).
3. Is TRON decentralized?
Yes, it operates without central authority, relying on super representatives for consensus.
👉 Learn more about blockchain comparisons
Key Takeaways
- TRON Price: $0.2869 (live updates).
- Vision: Decentralized entertainment ecosystem.
- Technology: DPoS, 2,000 TPS, three-layer architecture.