This coin leveraged its community support and its unique technical aspects to become one of the top 20 cryptocurrencies in the world in terms of market cap and a challenger to Ethereum’s reign as the first mover and king of decentralized finance (DeFi).
What is TRON ?
Tron was founded in 2017 by Justin Sun who currently serves as CEO of the Peiwo social media application and Rainberry, Inc(formerly known as BitTorrent, Inc) as well as TRON. Tron is a blockchain-based decentralized operating system that aims to build a decentralized global digital content entertainment system.
Tron’s peer-to-peer platform and distributed storage technology will allow content creators to cut out middlemen such as Apple’s play store. Thanks to Tron, Those content producers will finally be able to get paid directly from consumers undermining Big Tech’s control of most user data and traffic.
Advantages of tron:
- Transactions:
Tron has one of the lowest transaction fees in the crypto space. Whenever you are moving your coins around, you’ll be paying about $0.000005 which are nothing compared to Ethereum’s fees for example. Add to that, Tron can process up to 2000 transactions at a time. This outstanding performance on par with major payment processors such as PayPal. These transcation fees and speeds attracts developers and makes Tron highly scalable.
- Connections:
Tron has made a lot of partnerships exposing it to a very large active user base. In 2019,its founder Justin Sun announced a partnership with Samsung that is now accepting blockchain-based apps. Also the Opera browser, with more than 350 million users worldwide, teamed up with Tron to bring TRX and Dapps support to its users. These partnerships will empower the digital asset’s reach to investors and bring more trust to it’s technology.
Should you buy TRX?
Tron(TRX) has a market up of over 4.5 billion $. The price of the coin has decreased a lot since the bitcoin crash but since this cryptocurrency has solid foundations, this can be a great opportunity to go ahead and buy since Tron may be able to make gains for investors who are patient enough to see the real value of the digital asset in the near future.
Where to Buy TRON (TRX)?
This futuristic token available on some of the largest exchanges in the world. One of the easiest ways to get TRX tokens is through the Binance exchange. As with most altcoins, you will need to first convert your fiat currency over to BTC or ETH. Once you complete this task, it only takes a click of the mouse to convert your BTC to TRX.
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