Buy Tron (TRX): value and price trends

What is Tron (TRX)

TRX is the native crypto-asset of TRON, one of the blockchains with the most value locked and the most transactions in the sector. Born as an ERC-20 token on Ethereum, TRX was later migrated to the proprietary TRON blockchain, which developed its own technical standard (TRC) for the tokens built on it.

TRON has positioned itself from the start as a platform for decentralised digital entertainment: its stated goal is to allow content creators and developers to distribute and monetise their work while reducing the role of intermediaries, with revenue flowing more directly to the authors.

How it works: DPoS consensus

The network uses a delegated consensus mechanism, Delegated Proof of Stake (DPoS): those who hold TRX and put it in staking gain decision-making power and can vote for the validators (the “super representatives”) that produce the blocks and maintain the network. It is a model designed to favour speed and low fees.

One element that has made TRON particularly relevant is its role in stablecoin payments: the network is in fact one of the most used in the world for transferring USDT, thanks to low costs and fast transactions.

History and Justin Sun

TRON was founded in 2017 by Justin Sun, an entrepreneur who had previously worked at Ripple, following an ICO that raised about 70 million dollars. Over the years the project has expanded its ecosystem with some notable acquisitions, including BitTorrent in 2018 and the Steem platform in 2019.

At the end of 2021 the network adopted a DAO-style governance structure, presenting itself as a fully decentralised project. The figure of Justin Sun nonetheless remains central and very present in the project’s communication.

Past performance is not a guarantee of future results.