It’s always good to diversify one’s crypto investment portfolio with cryptocurrencies having a daily growing market cap. TRON is among such reliable cryptocurrencies that has an investment appeal especially for those looking for inexpensive trading options in the crypto market. TRON is basically a blockchain-based decentralized digital platform having its own cryptocurrency, Tronix (TRX) . It was developed by Justin Sun in 2017.
The platform mainly hosts entertainment applications and facilitates cost-effective sharing of digital content. The platform grew rather fast, reaching 50 million user accounts by August 2021 and gained a global outreach.
TRON was developed to take over web-based entertainment entities like Amazon and Netflix as is clear in its slogan, Decentralize the Web. It aimed at eliminating the corporate middleman from the process of consuming media.
A look at how TRON executes its platform for achieving its goals in entertainment :
The platform mainly hosts entertainment applications and facilitates cost-effective sharing of digital content. The platform grew rather fast, reaching 50 million user accounts by August 2021 and gained a global outreach.
TRON was developed to take over web-based entertainment entities like Amazon and Netflix as is clear in its slogan, Decentralize the Web. It aimed at eliminating the corporate middleman from the process of consuming media.
A look at how TRON executes its platform for achieving its goals in entertainment :
- TRON employs the blockchain and peer-to-peer network technology to eject intermediaries and facilitate direct sale of content creators’ work to consumers.
- It uses Solidity programming language to create apps that are hosted on its platform.
- The currency used on the network is Tronix or TRX:
- The crypto TRX connects the entire TRON ecosystem with abundant application scenarios that power transactions and applications on the chain.
- Consumers of the network directly pay content creators in TRX for accessing their applications.
- Content creators do not pay any transaction fee to Tron.
- TRX transactions are also free on the platform.
- TRON platform has a high throughput at 2,000 transactions per second, way higher than Bitcoin or Ethereum.
- The high scalability and effective smart contract of the network provides a variety of ways for applications to be developed.
- This also helps in supporting a large number of users.
Benefits of buying TRX :
- Tron offers zero transaction fees and has a very high tps compared to Bitcoin and Ethereum.
- It is a fastly growing crypto asset, which exceeded $108 million within a month of its launch.
- Even staking or simply holding TRX enables holders to earn income, where users stake their TRX at a 1:1 ratio. The more TRX assets they stake, the more TRX they can earn.
- This also helps in ensuring the safety of the TRON network.
- Users can store their TRX crypto tokens in any kind of wallet including desktop, mobile, or hardware wallet.
- TRX has borrowed some basic building features from Ethereum blockchain and incorporated tokens, smart contracts and decentralized applications (
dApps ).
TRON can be bought in India on major crypto exchanges such as ZebPay.
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