TRON TRX Price

TRON System

The TRON system is divided into three layers:

1. Storage: network and status blocks are stored here, and there is also an open-source neutral framework for remote procedure invocation;
2. Core: this layer contains modules for consensus, account management and smart contracts;
3. Applications: at the application level, it is possible to create decentralized applications in various languages such as Java, Python, Scala, C++, Go and Protobuf.

TRON Ecosystem

This platform has a massive ecosystem. It currently includes the following components.

The platform is actively developing, particularly by merging with other services. For example, the company has purchased BitTorrent, the developer of uTorrent and BitTorrent clients that are well-known to people.

The mentioned absorption allowed the company to engage in its own crosschain solution BitTorrent Chain, which is a technology that allows scaling TRON.

History of Tron

• In August 2017, blockchain enthusiast Justin Sun decided to develop a blockchain-based entertainment ecosystem that would allow any Internet user to store, publish and share entertainment content. The project was named Tron.Justin Sun said he wanted every Internet user to have unrestricted access to entertainment content such as online gaming, betting, social networking, calling, streaming, chatting, and more. Tron differs from traditional websites and platforms in that it will use blockchain and smart contracts. Thanks to Tron, content providers will interact with ordinary users directly, without Google Play, Apple Store and other third parties.
• On September 2, 2017, the ICO TRON was successfully held, attracting about 15,000 bitcoins. 40% of these coins were sold to investors for a total issuance of 100 billion coins. The remaining part was given to the TRON Foundation, and the first investors.
• In December 2017, the TRON open-source protocol was launched. And by the time TRON MainNet was launched on May 31, 2018, the platform had already gained worldwide popularity and had become quite popular among users, developers and investors.

What's interesting is that the creators of the coin released the entire amount of TRON worldwide at once. The emission totaled 100 billion coins. Forty billion were sold during the ICO, and the remaining sixty billion were frozen for further gradual implementation into the network in order to support its operation, and to maintain the value of the token.

How to Get TRON

The easiest way to become a crypto owner is to buy tokens on an exchange or online exchanger. You can also spend them there by exchanging them for other digital currencies or fiat money. Tokens can also be spent in the system itself, for example, to buy a computer game.

As for mining, initially it was impossible to mine TRX because the tokens were issued immediately. But, due to the increasing number of cases of cryptocurrency theft by hackers, the creators of TRON decided to secure themselves and introduce some kind of mining.

"Mining" in the system can be done in two ways.

1. The first option is similar to a bank deposit. Since Tron has purchased BitTorrent with its own token in the summer of 2018, owners of the original Tron wallets with TRX coins began to receive a certain amount of BTT coins to their wallets. Thereafter, these coins can be exchanged for TRX on any cryptocurrency exchange.
2. Tron also has a system of validators that can increase the number of transactions processed. The maximum possible number of validators in the network is limited to 27, and these validators are selected by a vote of cryptocurrency system members.

To become a validator, you must have significant credibility in the network. Validators cannot mine crypto in the classic sense of the word, but they can be rewarded by network users as a commission for processed transactions.

The TRON system also has a position of super-partner. A user who actively participates in the development of the payment system can become a super-partner. Super-partners can make proposals for the development of the network and receive a certain number of tokens as a reward, but they do not take part in the financial transaction processing.

Future of TRON

• The company has established good relationships with a number of major corporations. In particular, the TRON platform began cooperating with Samsung in 2019. Thanks to this, owners of the South Korean Galaxy S10 smartphone were able to use TRONDApps.
• TRON is also working closely with oBike, a service created for bike sharing; it is focused on providing services in Southeast Asia. The oCoin token has been placed on the TRON network, allowing users to buy bike rides through oBike.
• In addition, the TRON platform has partnered with Bitmain, which is one of the largest manufacturers of ASIC chips for BTC mining.