About TRON (TRX)
TRON (TRX) is a blockchain-based decentralized platform designed to build a free, global digital content entertainment system with distributed storage technology, which allows easy and cost-effective sharing of digital content. TRX is the native cryptocurrency of the TRON network, used for transactions and as an incentive to content creators and developers.
TRON Frequently Asked Questions (FAQ)
What is TRON (TRX) and when was it launched?
TRON (TRX) is a decentralized blockchain platform aimed at creating a digital content entertainment system with distributed storage technology, allowing easy and cost-effective sharing of digital content. It was launched in September 2017.
How did TRON initially intend to support content creators?
TRON initially intended to support content creators by establishing a decentralized content entertainment system. This platform was designed to allow creators to publish, store, and own data freely, without the intervention of a central authority. By utilizing blockchain and decentralized storage technology, TRON aimed to enable content creators to directly receive compensation for their content from consumers, thus eliminating the need for intermediaries and allowing for a more direct and profitable distribution of digital content.
What are the capabilities of the TRON software?
TRON software is designed for digital content entertainment systems, with capabilities including smart contract creation, decentralized applications (DApps) hosting and execution, decentralized finance, and the ability to issue and manage digital assets and tokens. It offers high throughput, scalability, and reliable decentralized storage to facilitate efficient content sharing and transactions.
What transaction model does the TRON cryptocurrency platform use?
TRON uses a UTXO-based transaction model similar to Bitcoin for part of its operations, while it also incorporates a balance-based model for its smart contract executions and TRC10 token transactions.
Who founded TRON and who is the CEO?
TRON was founded by Justin Sun, who is also the CEO.
How does TRON differentiate itself in the blockchain industry?
TRON differentiates itself by focusing on media and entertainment content, providing high throughput for faster transaction processing, free transactions with a bandwidth model, and having a strong emphasis on decentralizing the web with incentives for content creators.
What is the maximum supply of TRON (TRX) tokens?
There is no maximum supply of TRON (TRX) tokens, however the total supply after its initial issuance was 100 billion.
How is the TRON network's security achieved?
The TRON network's security is achieved through a delegated proof-of-stake (DPoS) consensus mechanism, where 27 Super Representatives (SRs) are elected by TRX token holders to validate transactions and create blocks. This system combines cryptographic algorithms, transaction verification, and community-based consensus to protect the network against malicious attacks and ensure integrity.
What are the main principles of the TRON network?
The main principles of the TRON network are decentralization, scalability, and high throughput. Its goal is to create a decentralized internet by allowing users to create and share content without the need for central authorities, ensuring a democratic, user-centric ecosystem. It emphasizes enabling speedy and low-cost transactions to facilitate applications with large user bases.
How does the TRON blockchain compare in transaction capacity to Bitcoin and Ethereum?
The TRON blockchain boasts a higher transaction capacity compared to Bitcoin and Ethereum. It can handle approximately 2,000 transactions per second (TPS), while Bitcoin processes about 4-7 TPS and Ethereum around 30 TPS. TRON's higher throughput is primarily due to its delegated proof-of-stake (DPoS) consensus mechanism, in contrast to Bitcoin's proof-of-work (PoW) and Ethereum's current transition from PoW to proof-of-stake (PoS).
What is USDD and how does it maintain its stability?
USDD is a decentralized stablecoin issued on the Tron blockchain, designed to maintain a value of approximately 1 US dollar. Its stability is maintained through a mechanism involving the Tron DAO Reserve and automated algorithms that adjust the supply of USDD based on market conditions. The Reserve ensures the stablecoin is over-collateralized with a mix of cryptocurrencies and uses these assets to intervene in the market if needed to maintain USDD's peg to the dollar.
What is the purpose of the Tron DAO Reserve?
The purpose of the Tron DAO Reserve is to maintain the overall stability of the TRON blockchain network's ecosystem, provide liquidity, support the value of its stablecoin, and reduce risks of significant volatility by acting as a custodian for the network's reserve assets.
How are TRON's Super Representatives selected and what is their role?
TRON's Super Representatives (SRs) are elected through a democratic voting system where TRX token holders cast votes for candidates. The top 27 vote-getters are chosen as SRs. Their roles include validating transactions, creating blocks on the blockchain, and participating in governance decisions by voting on network proposals. In return for their services, they receive TRX as block rewards and additional voting rewards.
What was one of TRON's significant acquisitions in the content sharing space?
TRON's significant acquisition in the content sharing space was BitTorrent, a popular peer-to-peer file sharing platform.
What are the six phases of TRON's development goals?
The six phases of TRON's development goals are Exodus, Odyssey, Great Voyage, Apollo, Star Trek, and Eternity, which focus on data liberation, content empowerment, monetize content, free movement of value, decentralize gaming, and fundraise by gaming community respectively.