What Is Tron And How it is Work
Tron is a blockchain-based decentralized digital platform with its own cryptocurrency, called Tronix or TRX. Founded in 2017 by a Singapore non-profit organization, the Tron Foundation, Tron aims to host a global entertainment system for the cost-effective sharing of digital content.
Initially marketed primarily in Asia, Tron had now gone global. The platform had more than 50 million accounts as of August 2021.
Founded by Justin Sun, now its CEO, Tron has offices in Singapore and San Francisco. Born in 1990, Sun also is the CEO of BitTorrent, the file-sharing program.
Tron uses the features of the blockchain and peer-to-peer (P2P) network technology to eliminate the middleman and allow content creators to sell their work directly to consumers. Software developers use the Solidity programming language to create apps that are hosted on the Tron platform.2
The currency used on the network is Tronix, or TRX. Users of the network use TRX to directly pay the content creators to access their applications. Content creators do not pay a transaction fee to Tron. (TRX transactions also are free on the platform.)
Users can store their crypto-assets in a desktop, mobile, or hardware wallet.